@valuecare wrote:
Is it normal to show a significant loss the first year a property is used as a vacation rental?... 😎
It is relatively "normal" to show a significant loss the first year on a rental property but note that the rental at issue here would not be classified as a typical vacation rental for the 2022 tax year as there was absolutely no personal use.
Section 280A is the section of the Tax Code that disallows certain expenses connected with the rental of vacation homes and imposes loss limitations.
See https://www.law.cornell.edu/uscode/text/26/280A
