Investors & landlords

Thanks for feedback....

 

good to know on the short term rental thing, very odd since the IRS literally puts "vacation rentals" on their schedule E, it's almost like they're trying to trick people.

 

A question in meantime, I've researched that I am in fact able to submit a completely different return for the state I am in, as long as the income numbers match.

 

I deprecaited a lot in my federal.

 

I plan to expense everything I can in the state to reduce the taxable income.

 

Are there any rules or guidelines about this?  My understanding is that I can choose to expense or depreciate.