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florida tax law

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sha

Junior Member
What is the name of your state? florida i own rental propertyin florida and i use it as a deduction how often can i personnally use this peoperty?
 


abezon

Senior Member
If you're using it as a deduction, that means you're deducting interest & taxes on schedule A, & can use the property as much as you want.

If you mean you're claiming expenses against rental income on schedule E, you can use the property for 14 days a year, or for 10% of the number of days it was actually rented at fair market value, whichever is larger. Going over that line means you have to use the vacation/rental home rules, which are a pain in the a*s. You still get to deduct expenses, but you can't claim a net loss on a part personal-use rental.
 

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