Question
Where do I Limit Loss On F 8825 For Vacancy Period?
Preparing a 1065 for a residential rental property that was vacant from September - December for remodel and repairs.
Per Pub. 527, a TP can't deduct a loss during the vacancy period. Where in PS do I limit the loss?
The rental days reported is 247 and the personal use days reported is zero. My understanding is that the remodel and repairs time period isn't considered personal use days.
How does PS handle the loss limitation for this situation?
