- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Awesome, yes that makes sense based on what I'm seeing. Basically if you use your vacation home for more than 10% of the rental time, then IRS limits you to a zero profit. If you use it less than 10% of the rental time, IRS allows up to a $25K loss by using some of the listed expense tiers you gave. Still, it would be nice for Turbotax to provide visibility and links, as the numbers simply populate fields, leaving me to dig and create excel spreadsheets to duplicate and track what is being used or omitted. i.e. I now have a great qualitative understanding, but still no clue about where Turbotax is pulling numbers from for deprecation numbers. Thanks again for a great breakdown of the expense tiers.
‎January 18, 2023
8:38 AM