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Allocation of expenses between personal and business for a mixed use property
In 2017 TT allocated interest and property tax deductions for my business versus personal use for a mixed use property (vacation and rental) using the Tax Court method, while all other expenses were allocated using the IRS method. In 2018 all deductions are allocated using the IRS method. This really reduces my Schedule A deductions. Is this correct?
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‎June 4, 2019
2:40 PM