@Carl wrote:
I'm not getting into semantics. If you take physical action and stop advertising the property for rent, or make a conscious decision to not advertise at all after the last renter moves out, then it's reasonable to say that the property is no longer "held out and available" for rent.
Except the IRS (and apparently Congress) did get into semantics and specifically avoided the words "advertise" and "advertising".
As a result, there does not appear to be any authority stating the property must be advertised as being "for rent" in order to meet the "held out and available" requirement.
