Yes,If the property is “used as a home,” your rental expense deduction is limited. This means your deduction for rental expenses can’t be more than the rent you received. For more about these rules, see Publication 527, Residential Rental Property (Including Rental of Vacation Homes).
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https://www.irs.gov/publications/p527/ch05.html">https://www.irs.gov/publications/p527/ch05.html</a>
[Personal use days 60 ]
If you or a family members use a vacation property for more than 14 days or 10 percent of the property’s rental time, the personal use limitations of IRC § 280A apply and IRC § 469 is no longer applicable. The IRC § 280A severely limits losses. See IRC § 469(j)(10)
If you’re looking to claim the most tax breaks possible, you need to carefully track the amount of time you and your family spend at your vacation home.
