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Income Tax Planning
Chapter 8: Other Deductions, Penalties, and Loss Disallowance/MIXED-USE ACTIVITY
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 8: Other Deductions, Penalties, and Loss Disallowance

MIXED-USE ACTIVITY

01.Core Concepts

Characteristics • Rented for more than 14 days • Personal use exceeds the greater of:* • 14 days, or • 10% of rental days Tax Consequences • Income is recognized • Allocable expenses are deductible to extent of income • Tiered deduction rules apply • Unused expenses can be carried forward *Days of use by family members paying less than fair rental value are treated as personal use days.