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Investors & landlords
The short-term rentals I was referring to contemplated that the rental was being used as a residence, per Section 280A.
In your case, assuming you are not using the property as a residence, you need to indicate that you materially participated as a real estate professional. Otherwise, any loss would be passive.
@Anonymous_ Can you provide a citation for this? I can find nothing that would indicate a short-term rental must be used as a residence in order to qualify for the 7-day rule exception noted in Publication 925.
‎February 10, 2023
10:52 AM