The property co-owner is an unmarried individual of retirement age. The purpose of the conversation with the CPA was to determine if the rental property would create any kind of deduction for her, and whether it might make sense to limit her IRA withdraw to the RMD, or take more than the RMD to maximize the 24% bracket. CPA told her she gets no deduction because any loss is suspended over $100k (I think he just made an error on this, as the phase out is between $100k and $150k). He did not input this into tax prep program, although I wish he would have. Appears to me she has a reason to try to limit her income so as to maximize the "special allowance" deduction of $25,000 under the PAL rules, but this is all new to me and these rules for mixed short term rental/personal use properties are pretty darn complicated.. thanks for your response!
