Jump to content
ATX Community

Time share help needed


TAXMAN

Recommended Posts

TP bought mountain house near a resort. Spent lots of dollars to fix. TP rents to renters 5-7 days at a time. TP does not use the property. Goes there to make repairs as needed. Hires cleaning service to clean between renters. Due to Covid-19 did not have renters all year but was available for rent. Does TP come under vacation use rules? I do not think so. If this be the case do I call it residential or commercial for depreciation? Some Guidance please.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...