Thanks for the reply.
No one used the condo as a home during the 4 years that it was owned by the trust. None of the beneficiaries had their name on the deed - only the trust.
However, as I lived in a different state, I made approx 20 trips to visit my relative during those 4 years and stayed in the condo for a total of about 8 months - usually 10-14 days at a time. (It was vacant the rest of the time.) None of those visits were for vacation use. All were to visit my relative, her care team and attorneys, and take care of her business affairs located there and to wrap up her estate after she passed. (The alternative would have been to stay in hotels which would have conservatively cost the estate in excess of $25,000 over that time period.)
But would the IRS try to make an argument that my stays in the condo amounted to personal use and thus disallow the loss?
Thanks.
