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lsundocpa
New Member

Air BNB Property with Personal Use

Taxpayers own an AirBNB property in West Virginia. They occupy the home personally for 30 days out of a calendar year. Do they need to have a tenant in the house for at least 300 days to meet the 10% test and therefore to be able to take losses on the property? Or are days that the AirBNB is listed and available for rent, but not rented, counted as rental days for purposes of the 10% calculation?

 

Thank you!

 

Lauren

1 Best answer

Accepted Solutions
tagteam
Level 15

Air BNB Property with Personal Use

Section 280A provides:

 

The dwelling unit is used as a residence if the number of days it is used for personal purposes exceeds (the greater of) 14 days or 10 percent of the number of days during such year for which such unit is rented at a fair rental.

 

Rental expenses in that case can only be deducted up to the level of rental income (i.e., no losses).

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1 Reply
tagteam
Level 15

Air BNB Property with Personal Use

Section 280A provides:

 

The dwelling unit is used as a residence if the number of days it is used for personal purposes exceeds (the greater of) 14 days or 10 percent of the number of days during such year for which such unit is rented at a fair rental.

 

Rental expenses in that case can only be deducted up to the level of rental income (i.e., no losses).

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