msan4444
Returning Member

Investors & landlords

Hi, thanks for replying.

 

It is hard for me to know the rulings, precedents and policies which may affect the IRS behavior. For all I know there are other things which might make the exact letter of the 2008 law lead to my misinterpretation. There are a lot of questions on Intuit forums about whether to believe pub 523 with MANY experts in disagreement over this scenario. As a layperson, I cannot resolve the experts' arguments. I just want to know what has actually happened when p523 wks3 sB is skipped as directed. That is, in this very specific case, are people being allowed to do what they're being told to do?

Have you any experience with the behavior of the IRS when taxpayers follow the worksheet in pub 523 and thus skip section B?