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Investors & landlords
@AmeliesUncle wrote:
It SHOULD change the passive rules. For example, one of the other choices is Self-Rental, and selecting that DOES affect how the program treats the passive rules.
Why? Should the rules be changed automatically merely because of the selection as a vacation rental? What if there are zero personal use days for any one year of ownership or for every year of ownership thus far?
The self-rental selection is somewhat different than the vacation property type as the income is always going to be nonpassive for the former as long as the property is a "self-rental".
‎January 13, 2021
4:38 PM