- 4 -
purposes. Hereinafter, we refer to the portion of the Inn on the
main floor that is used for both business and personal purposes
as the “dual-use” portion.
The parties have stipulated that during 2000 the dual-use
portion of the Inn was used 75 percent of the time for business
purposes and 25 percent of the time for personal purposes.
Upstairs Floor
The upstairs floor of the Inn consists of four guest suites
with private bathrooms, each of which is used exclusively by
paying guests of the bed and breakfast.
Basement
Except for a small space in the corner, the large basement
room of the Inn is used exclusively for business purposes
relating to the bed and breakfast.
Tax Return
As set forth below, the parties have stipulated that, of the
Inn’s total 5,664 square feet, 4,363 square feet were used
exclusively in the business of operating the bed and breakfast,
695 square feet were used exclusively for petitioners’ personal
purposes, and 606 square feet were used for both business and
personal purposes:
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011