STR Depreciation/Bonus Depreciation Question

[Jonathan B.]

Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days. We're changing our plan for the property in 2024 and plan to rent it out for two of the summer months on a <7 day basis, but then also use it for a month ourselves. Not looking to rent it out in the off-season currently. This will probably be the situation in 2024 and beyond. We are not real estate professionals.

1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

2) How would you classify the property in the 2024 tax year and beyond?

Thanks!