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Updated over 7 years ago,
Taxes - Fair Rental Days
Hey BiggerPockets!
I am about to file my taxes before the extension deadline and I have a questions regarding "Fair Rental Days". I bought my first buy/hold last year in October and I owned it about 75 days out of 2016. It was vacant for about 20 days during the rehab and after listing it for rent. My CPA filled in 366 days under fair rental days. My CPA stated that "fair rental days" only applies to vacation homes.
Will this affect my ability to obtain a loan to purchase another buy/hold this year?
Thanks,
Monte