Bought an investment house in Florida intended to be rental property in September of 2024. Repaired and mildly updated sufficient for rental, put on market (01-Nov-2024) to be rented and had it rented starting 01-Jan-2025. Tenants decided in late Feb, 2025 to cancel lease, and we've had personal changes (none that meet IRS requirements) such that we've decided to convert the home to personal use as of 01-May-2025. Spiff happens!
Given it was such a short time (definitely less than two years) can I still treat this as rental property for this period of time (with all the deductions for repairs, etc), or should this simply be treated as a vacation home that happened to be rented for a few months (no special deductions allowed)?
