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Investors & landlords
The 2% rule refers to a deduction on Schedule A that allows deduction of miscellaneous itemized deductions that are greater than 2% of the AGI. This is no longer in effect, This has been suspended in tax years 2018 through 2025.
The above answers were from past years and archived in 2019. This no longer applies to a not-for-profit rental.
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March 29, 2022
6:45 PM
3,173 Views