jerry
Level 7
09-28-2024
07:27 PM
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Client (a true real estate professional) rented his Hawaii condo out for 7 days in 2023, and used no personal days. When I enter that, Lacerte still shows a deductible loss.
I thought under the Augusta Rule (Section 280A(g)), neither the income nor expenses were to be recognized if the rental was under 14 days. Do I have to do something manually?
Best Answer Click here