ColeenD3
Expert Alumni

Investors & landlords

When you say vacation home (became a vacation home for years), was there personal use once you began renting? If not, it was not a vacation home (The time of ownership of the asset used for business purposes was 7% (1.5 years of 21 years). If it was a straight rental, no personal use during the time of rental, do not call it a vacation home and there is no special handling.