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Passive Activity Loss – v – Vacation Home Loss

Passive Activity Loss Where your personal use days are less than the greater of 14 days or 10% of your rented days; any losses are considered “passive activity loss”. Example – Rental income = $15,000.  Expenses = $20,000.  Total of rented days is 200 and total of personal days is 10.  The expenses of $20,000 […]