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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]
‎February 22, 2024
5:30 PM