Tax Smart Real Estate Investors Podcast cover image

232. How to Determine The Average Period of Customer Use on Multi-Unit Properties

Tax Smart Real Estate Investors Podcast

00:00

The Tax Court's Position on How to Calculate Customer Use in One Tax Year

The tax court was fighting back against the taxpayers assertion that his average was roughly one and a quarter days because he was making the argument that he had legal 44 rental days. Part of the reason why, in that particular case, that they had 508 days as the calculation, as there were some periods with tenants that overlapped. And then we basically find out that long story short, low and behold, the aggregate period of customer use of five hundred eight days in that tax court case kind of confirms that.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app