@AmeliesUncle wrote:
....."does not include a unit in a hotel, motel, or other establishment more than one-half of the units in which are used on a transient basis".
I understand and we've had this discussion previously (I believe) and I do not disagree with the definition of transient.
I do, however, take issue with the term "other establishment" because it's ambiguous. I believe the intent was to envelop "units" in "commercial" structures of any type that are simply other than "hotels" and "motels". Examples would be something similar to truck stops with rooms for sleeping, boarding houses, and even typical bed and breakfasts run out of single-family homes.
I do not believe that the intent was to include the likes of single-family homes and condos that are rented with absolutely no services provided. "Establishment" smacks of a business enterprise the income from which would properly be reported on Schedule C and the real estate structure using a 39-year recovery period.
