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Investors & landlords
@bcasali wrote:
......it shows in the Schedule E worksheet, but it shows as 0 in the "reported on Schedule E" column. Any idea why?
Vacation home loss limitation per Section 280A; depreciation deductions abate after all other expenses. Once expenses bring the income down to $0, other deductions abate (are not allowed in the current tax year).
‎June 2, 2024
11:12 AM