Final answer:
The maximum days an individual can stay in a rental property they own and still deduct rental expenses depends on the tax regulations of the specific country. In the United States, the general rule is to limit personal use to fewer than 15 days or 10% of the total rental days.
Step-by-step explanation:
The maximum number of days an individual can stay in a property they own and still count it as a rental property for the purpose of deducting rental expenses depends on the rules set by the tax authorities in the specific country.
In the United States, for example, the general rule is that an individual must personally use the property for fewer than 15 days or 10% of the total days it is rented out, whichever is greater, in order to qualify as a rental property.
For example, if you rented out your property for 200 days in a year, you must limit your personal use of the property to a maximum of 20 days (200 x 10%). If you exceed this limit, the property may be considered a personal residence rather than a rental property, and you may not be able to deduct rental expenses.
It's important to note that these rules may vary by country, so it's recommended to consult a tax advisor or refer to the specific tax regulations in your country for accurate information.