Thanks, Carl. Very clear and helpful. Further into the weeds: So I know how to deduct expenses proportinately each year. What happens when we sell the home? Is depreciation recapture and cap gains calculated at 100% or only the % of days we rented as a vacation home. So if we rented 25% of the time, do we only owe 25% of cap gains and (the deadly) recapture or 100%? Thanks!
