Another short-term rental loophole that you need to know
Would a 3115 be required to move from 39 to 27.5 years or is it a just whole new activity where the depreciation carries over?
What issues are presented with someone who has a bona fide short term rental with active participation who converts to long term in the second year?
Tom Talks Taxes - August 14, 2023
Would a 3115 be required to move from 39 to 27.5 years or is it a just whole new activity where the depreciation carries over?
What issues are presented with someone who has a bona fide short term rental with active participation who converts to long term in the second year?