Compared to the Tax Court method of allocating expenses between rental use and personal use, the IRS method tends to allocate more expenses to personal use than does the Tax Court method.
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Q1: Generally, losses from rental activities are considered
Q7: A tax loss from a rental home
Q8: All business expense deductions are claimed as
Q9: A passive activity is any activity that
Q10: Passive losses that exceed passive income are
Q13: Rental or royalty expenses are deductible "for"
Q14: To be deductible, business expenses must be
Q15: The phrase "ordinary and necessary" means that
Q28: Jorge owns a home that he rents
Q31: Jennifer owns a home that she rents
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