The Case of the Edgar's

In Lucero, the taxpayer had a short-term rental property that they called the Sea Ranch property. It was several hours away from the petitioner's home in Sacramento, California. The taxpayers paid a property management company to manage their Sea Ranch short-term rented property on a day-to-day basis. They said this is subject to Section 280 A of the IRS which says if you actually have a personal residence and your loss is limited by those rules, it gets messy. This case found that these were not real estate professional activities because they're an average state of seven days or less.

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