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Updated over 10 years ago on .

Jim Hamrick's profile image
Jim Hamrick's profile image
Jim Hamrick
  • Homeowner
  • from Swansboro, North Carolina
  • Member since Jul 6, 2012
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User Stats

28
Posts
2
Votes
Jim Hamrick's profile image
Jim Hamrick's profile image
Jim Hamrick
  • Homeowner
  • from Swansboro, North Carolina
  • Member since Jul 6, 2012
Connect
Jim Hamrick
  • Homeowner
  • Swansboro, NC
2
Votes |
28
Posts
General Landlording & Rental Properties

30 days from renting via Air BnB short term stay

Jim Hamrick
  • Homeowner
  • Swansboro, NC
Posted

My house is finally ready.  The 1900+ square foot 3/2 is fully furnished, has WIFI, new appliances, new smart TV.  Of course electricity, wood for stove, gas, water etc are all included.  The home is paid for.

Since I will be available everyday literally next door for maintenance, guest assistance etc (I am retired) what are my options tax wise...I believe I can treat the home as a business or as a vacation home for tax purposes. (My family stays in the home when they visit)

What are the pluses and minuses of each tactic.  Which tactic allows me the most flexibility regarding the personal use of the home?

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