jcphil
Returning Member

Investors & landlords

My understanding of IRC section 280A is that because it is my residence no deduction for loss is allowed. I do not use that room (rented to a long-term tenant over 30 days), but it is still part of my home. Am I correct in my interpretation that I cannot use the exception and deduct up to $25,000 based on my AGI, because it is a portion of my residence?