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Can my multi-unit property be eligible for Safe Harbor deduction if I live in one of the units?
The requirement "the property was not used as a residence for an part of the year" is a little ambiguous. The rental units were not used as a residence, and I allocate only the expenses from those units and allocate per square footage for any building expenses (like roof patching.) Why would this be any different than someone owning a couple condos (which would clearly not have been used as a residence.)
Thank you in advance.
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‎April 17, 2023
2:26 PM