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Investors & landlords
@eloisedaddy wrote:
We used it for personal use for 4 WEEKS. That is, 28 days.
How many days was the property rented at fair rental value?
Read the rule again: It is more than the greater of 14 days or 10% of the number of days the home was rented at a fair rental.
Thus if, for example, if you had 100 days at fair rental and 28 days of personal use, that would mean your rental is not a passive activity.
March 10, 2022
6:42 AM