Deductions & credits


@5470689 wrote:
We had $40k of losses.

It has rented well on AirBnB 

 

A $40,000 loss is very high.  How did such a high loss occur?

 

Was the average stay 7 days or less?  Did you "Materially Participate" in the rental?  Was there any personal use?

 

https://www.irs.gov/publications/p925#en_US_2022_publink[phone number removed]