As real estate investors, we are looking to optimize tax deductions, one of which is the Augusta Rule. Can you please add a category to capture this EXPENSE on our NCF Report and Schedule E. This will also allow a quick identification for completing a 1099-MISC form.
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Record an “other deduction” or “other expense” on Schedule E with a description like "Rent EXPENSE - Section 280A(g)
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PLEASE note this is an EXPENSE to our LLC, NOT income.