Isn't the Augusta Rule about RENTING for 14 or fewer days? In my scenario I actually rented for 119 days. If I set PERSONAL USE to 14 or less days, the software basically allows no expense deduction, but also ignores the income, so kind of like the Augusta Rule. If I set PERSONAL USE to greater than 14 days, it prorates the mortgage interest and property taxes, allows 100% of the management fees, and allows a percentage of the loss carryover from 2023 (based on MAGI and the $25,000 limit rule). Then it disallows all operating expenses and 2024 depreciation which become carryover for next year. Its calculating, in this scenario a -$19,320 rental deduction on Sched E ($13,623 of current net expenses plus $5,768 of allowed carryover). It's only looking at MAGI for the carryover calculation. This doesn't seem correct.
