Carl
Level 15

Investors & landlords

You don't recapture it yet. But you "may" need to "account" for it now. I assume as a rental property you were reporting the rental income/expenses on SCH E.

So are you no longer reporting the same property as a short term rental on SCH E? (You meet the qualifications to report as a SCH C business maybe?) Or are you entering it as a completely new endeavor on SCH E?