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Investors & landlords
@Carl Based on the discussion above with @ColeenD3 it seems that deduction does not apply for renting portion of you residence including room in your house. Do you have a different interpretation of IRC section 280A that would let this deduction be used when renting portion of your residence?
Also, does TurboTax has a way to figure out excess losses and depreciation to be carried over to next year similar to IRS worksheet 5-1?
‎April 4, 2021
10:54 AM