My MAGI is $117,000 and I have over $25,000 in rental loss. TT is currently reducing my $25,000 deduction by $8500 (50% of the amount over 100k). I was reading on a forum that if the average stay in my property is under 7 nights, i.e. this is a short-term rental, and I should be able to deduct all my loss, regardless of MAGI. Is this correct? If so, how is this accomplished?
