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Unformatted text preview: Interest paid on behalf of another taxpayer Prepaid interest Chapter 6 (Pages 20-25 Rental of Vacation Homes): Problems: 25, 26, 27, 28, 50, 51, 52, 53 Office in the home Exclusively Regularly Principal place of business Any trade or business Used by clients, patients, or customers Convenience of the employer Exclusive use Mixed Use Direct Expenses Indirect expenses Allowable home office expenses Carryforward Form 8829 Chapter 6 Vacation home Part-year rental Primarily personal use Primarily rental use Qualified residence interest Personal/rental use Disallowed expenses Carry forward IRS approach Court approach Conversion to rental property...
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- Spring '10