Ruth1
Level 4
04-21-2021
09:18 AM
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Client has rental property which was also used personally. In the past two years it had not been rented more than 5 days in 2019 and zero days in 2020. Did not take rental in 2019. In 2020, she wants to take all expenses due to Covid. My research says second home.
I would like to hear any opinions. Thank you.
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BobKamman
Level 15
04-21-2021
09:27 AM
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Why are you looking at only the past two years? Has she only owned it that long? A five-year history would tell us more.
TaxGuyBill
Level 15
04-21-2021
09:33 AM
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Correct, there is no rental expense for 2020.
Ruth1
Level 4
04-21-2021
09:35 AM
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Thank you kindly.
