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March 31, 2025
Question

iF i START RENTING MY VACATION HOME YEARS LATER IS IT CONSIDERED A RESIDENCE IN THE PAST

  • March 31, 2025
  • 1 reply
  • 0 views
qUESTION IN tt IS "WAS IT A RESIDENCE IN THE PAST" It was not a primary residence, It was a vacation home (secondary) how do I answer that question

    1 reply

    AmyC
    Employee
    March 31, 2025

    Residence is the best choice. You converted your second home into a rental. This means you owned it as a type of residence rather than business or just purchased. It doesn't have depreciation or other odd things to worry about.

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