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Investors & landlords
@go_dores wrote:
.........So why is the loss being limited?
The loss is being limited by Section 280A (the vacation rental home loss rules).
@go_dores wrote:I called support, and he seemed very stumped. He finally landed on telling me that Turbo Tax doesn't support my scenario unless I received a 1099-MISC from AirBnB and VRBO. Does that sound right?
No, that does not sound the least bit correct (except for the part where support seemed "very stumped").
@go_dores wrote:......Does anybody know of tax software that handles this situation well?
No other software will handle this scenario differently or better. TurboTax is most likely handling it properly.
March 31, 2024
6:54 PM