@AnnetteB6 yes, a cost seg was done and meet the qualifications under Reg. Section 1.469-1T(e)(3)(ii)(A), and defines exceptions to the definition of “rental activity”. Because I own, used it entirely for STR with avg stays less than a week and spend 100 + hours (all logged) and more than anyone else (I manage, clean, furnished, etc) but don’t see how in turbo tax to take those dedications against my active income since it’s now classified as non passive activity.
passes this check as outlines on this HR block flow when determining if it’s active or passive activity. You are supposed to be eligible for an additional 25k in losses from that STR property against active income. (Not full losses). https://www.hrblock.com/tax-center/wp-content/uploads/2018/05/airbnb-taxes.pdf
the system doesn’t seem to recognize this.
