Hal_Al
Level 15

Deductions & credits

Another issue to consider: If you claim depreciation on the property, that depreciation will have to be "recaptured" (pay tax on it) when you sell the property in the future. 

 

I agree with the other comments; it's unlikely that you can claim this situation as rental activity.   You essentially have a 2nd home. The mortgage interest and real estate tax paid are deductible, if you itemize deductions.