14 of 40. A taxpayer reporting a net loss on a vacation rental property may prefer to use the Tax Court allocation formula over the IRS calculation because the Tax Court method: O is more beneficial when the taxpayer takes the standard deduction. Does not limit deductible rental expenses to rental income. Enables the taxpayer to carry forward a greater portion of unallowed expenses. Enables the taxpayer to deduct a greater amount of expenses on their Schedule A. Mark for follow up Save/Return Later Summary Next>>