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Article Date:
May 2011

Word Count:



Short-Term Rental Creates Hotel, Destroys Rental Loss Deductions

Todd and Pamela Bailey had modified adjusted gross income in excess of $150,000; therefore, one of them had to separately qualify as a real estate professional so they could deduct their rental property losses of $16,822 for the year.


Pamela Bailey managed the properties, so she was the one who had a chance to qualify as a real estate professional. Ms. Bailey had no income from any source other than her rental activities.


The Test


To qualify as a real estate professional, Ms ... Log in to view full article.

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