jvmoney
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@Anonymous_my mistake, sounds like it’s unrelated to the 25K cap. There’s a separate exception which is for what I mentioned 7 days or less rentals and you meet...
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@AnnetteB6basically I need to understand where and how to tag that schedule E entry as Non passive activity. Can you advise how that’s done? Do I need to go to ...
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Spoiler (Highlight to read)@Anonymous_this is the special allowance I was referencing. https://www.irs.gov/publications/p925#en_US_2022_publink[phone number rem...
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@AnnetteB6yes, a cost seg was done and meet the qualificationsunder Reg. Section 1.469-1T(e)(3)(ii)(A), and defines exceptions to the definition of “rental acti...
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Thank you both. My understanding is the only difference is if the amount of days. For example, the less than 7 days gives it that exception for up to 25K in ded...
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