jerry
Level 7

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?

0 Cheers