Rental Income - Augusta Rule and 280A(g) exception

Forum|Forum|1 year ago
March 18, 2025
2 replies
32 views

Good day all,

I have a client who rented out his personal residence for less than 10 days. The rental income is exempt under 280A(g). The tenant issued a 1099- MISC for the amount paid to my client. Schedule E is throwing off the error when I ender 10 days and 355 personal use days. My independent research said to enter the 1099 amount on Schedule E and show an expense "280A9g) exception". Proseries will not allow it. The error persists. Do I enter it on Schedule C (AirBnB style for short term rental) or simply attach a footnote to the return explaining the income and the exemption?

As always, your help is greatly appreciated.

ProSeries Professional

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Best answer by TaxGuyBill

I would enter zero personal days. It technically isn't right, but it won't affect anything and should make the program happy.

BobKamman

Level 15

For those not proficient in tax slang, :"Augusta rule" refers to the location of the Masters Golf Tournament, in Georgia, where many people move out during the week and rent their homes for less than 15 days, so it is nontaxable. What your are saying is that you can't enter the income amount on Schedule E and the same amount as an expense on the "other" Line 19, with the description "280A(g) exception" (your post put a 9 in there instead of the open parenthesis). Really? I don't think the program audits your entries there.

C

cpa72Author

Level 4

Dude,

You got a solution or you just busting chops - typos happen. And if i needed to go into great detail about what the Augusta rule is, then the reader isn't going to have the solution.

Best of luck and stay off my posts.