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Get your taxes done using TurboTax
Section 280A provides:
The dwelling unit is used as a residence if the number of days it is used for personal purposes exceeds (the greater of) 14 days or 10 percent of the number of days during such year for which such unit is rented at a fair rental.
Rental expenses in that case can only be deducted up to the level of rental income (i.e., no losses).
‎August 26, 2022
9:49 AM
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