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Rental Real Estate vs Second Home

Ruth1
Level 4

Client has rental property which was also used personally. In the past two years it had not been rented more than 5 days in 2019 and zero days in 2020. Did not take rental in 2019. In 2020, she wants to take all expenses due to Covid. My research says second home.

I would like to hear any opinions. Thank you.

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TaxGuyBill
Level 14

Correct, there is no rental expense for 2020.

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3 Replies 3
BobKamman
Level 14

Why are you looking at only the past two years?  Has she only owned it that long?  A five-year history would tell us more.  

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TaxGuyBill
Level 14

Correct, there is no rental expense for 2020.

View solution in original post

Ruth1
Level 4

Thank you kindly. 

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