Deductions & credits


@gll wrote:

Is it taking 100% of the tax table amounts because I used less than 14 days personal? 


Per Section 280A, using your rental property for the greater of 14 days or 10% of the number of the number of days the property is rented at fair rental value limits the losses you can deduct (i.e., your loss cannot exceed your income from the property).

 

Per Section 280A(e), expenses are still prorated based upon the number of days of rental and personal use.

 

Are your expenses being prorated?

 

See https://www.irs.gov/taxtopics/tc415