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Updated over 1 year ago,
Vacation Rental Owners and Tax Classification of STR's
I've owned a vacation rental for about a year and a half now and it has been operating full time as a vacation rental but I want to maintain a steady income stream by renting it out for medium terms stays (3-4 months out of the year) in order to compensate for seasonality. Does anyone know if your home's tax classification would change or if any of the tax benefits that STR's receive would be diminished or negated if the home did earn another type of rental income throughout the year in addition to income as a STR?