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Business & farm
This may be true for Federal, but it is not true for states. For example, in Virginia, we have to report AirBnB income, and because the program will not allow me to file my federal with a schedule E under the 280A(g) rule, I have to print and send everything in. It is very frustrating. FYI, H&R Block's program will let you file federal with the schedule E 280A(g) exemption so that you can appropriately file your state taxes.
March 3, 2024
6:34 AM