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Where is the choice for IRS Method vs Tax Court Method for allocating property expenses? Can I switch between methods in different years or is the election permanent?
My question is two parts. I'm trying to find where on TurboTax I am supposed to choose between IRS and the Tax Court methods for my vacation home property. Also, I would like to know if I can switch to the Tax Court method even though I use the IRS method in past years for this particular property. Thank you.
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‎June 19, 2021
1:03 PM