Investment property is purchased with the intent (or hope) of profiting from its sale. Stocks, bonds, collectibles, and land are typical investment properties.
Generally, you don't use investment property in your day-to-day living like you do personal-use property.
Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes. It includes things like your home, furniture, appliances, personal vehicle, and clothing.
Land could be both, but think about how you are using it most of the time. If you are using it as a place to relax and do some fishing or skiing, but you are hoping you will make a few bucks when it comes time to sell, then it is personal-use property.
On the other hand, if you are renting it out to other vacationers but occasionally pop in for a weekend or holiday, it would be investment property.
See also this TurboTax Help.
@no-name1
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