linette
Level 5
03-25-2020
08:13 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Where others maybe harsh in responding this really is something that you need to research not ask here.
There is a safe harbor rule and other resources that you can easily find to help make this determination but I think it is a determination that you and your client need to make.
It is the clients responsibility to keep documentation to prove that the rental is being operated as a business if the deduction is taken.
I have heard preparers say that rentals do not qualify. I think that may come from they don't want to do the work to try to prove they do qualify.