Thanks for the info. I do own the apartment. I used it 19 days, friends used it 48 days at a below market rent, and it was rented under a lease for 130 days (empty the remaining days, but listed as available to rent or sell). This was my primary home in NYC until March 22, 2020. I left and took up primary residence in what had been a second home upstate.
The way i read Publication 527, for 2021 I pass the test of "a dwelling unit used as a home". I think this is different from converting to an "investment property", but not sure? The way i read the "dwelling unit used as a home" treatment, i report my rental income and expenses, but don't have to start depreciating the unit, which i would like to avoid (the expenses are so high, i do not need the depreciation to avoid tax on the rental income).
You sound well versed on real estate topics! Does your guidance still hold given this additional info?
