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Level 5
April 21, 2021
Solved

Rental Real Estate vs Second Home

  • April 21, 2021
  • 2 replies
  • 15 views

Client has rental property which was also used personally. In the past two years it had not been rented more than 5 days in 2019 and zero days in 2020. Did not take rental in 2019. In 2020, she wants to take all expenses due to Covid. My research says second home.

I would like to hear any opinions. Thank you.

This topic has been closed for replies.
Best answer by TaxGuyBill

Correct, there is no rental expense for 2020.

2 replies

BobKamman
Level 15
April 21, 2021

Why are you looking at only the past two years?  Has she only owned it that long?  A five-year history would tell us more.  

Level 15
April 21, 2021

Correct, there is no rental expense for 2020.

Ruth1Author
Level 5
April 21, 2021

Thank you kindly.