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acejackqueenking10
December 28, 2024
Question

I am a short term rental owner who averaged under 7 nights per booking, but did not start operating until September. Am I allowed to prorate my material participation?

  • December 28, 2024
  • 1 reply
  • 0 views
Can I prorate the 100 hours a year required for better tax deduction benefits, because I did not start at the beginning of the year?

    1 reply

    M-MTax
    M-MTax
    December 28, 2024

    Take a look at the 7 tests in Section 1.469-5T 

     

    You could very well qualify under (a)(2) if your participation was substantially all of the participation of all individuals. 

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