In addition to the personal and business use of a unit, the rules under Internal Revenue Code Section 280A ("280A") also cover situations such as time-sharing arrangements, rental pools, shared equity financing deals and office-at-home deductions. Though 280A applies to individuals, partnerships, trusts, estates, and S Corporations, this comment assumes the "taxpayer" to be an individual taxpayer. This author will first analyze 280A to provide general guidance in the rental of a unit. After the overall analysis, the author will focus on the following rental situations:
- Analysis of Personal Use.
- Analysis of Rental Use.
- Further Analysis of Allocating Rental & Personal Expenses.
- Rental Pools and Time Sharing Arrangements.
- Tax Planning Ideas.
- The Impact of the Tax Reform Bill.
"Section 280A: Vacation Home and Rental Property,"
Akron Law Review: Vol. 19
, Article 11.
Available at: https://ideaexchange.uakron.edu/akronlawreview/vol19/iss4/11