Contact UsI have two vacation rentals with average tenants staying less then 7 nights. Are losses on these deductible as business losses, or passive activities?
Title in both properties is in a family limited partnership and reported on 1065.
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Tax Professional Answers
Manasa Nadig
Please consult a qualified tax advisor who can drill down into your limited partnership structure vis-a-vis the vacation rentals and advise you--there have been a lot of changes in this area under the new Section 199A. You can look through the tax advisor directory on Tax Connections and find a good fit for your situation.
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272 weeks ago