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Updated almost 2 years ago,
Str/adu plus long term rental
I'm a 9-5 employee looking to make a short term rental be my next investment to take advantage of offsetting my w2 income with losses (depreciation or otherwise) from the Str. I currently own a fourplex with enough space in my yard to build an ADU.currently all my renters are long term renters. If I rent one unit as short term and/or build an ADU in the yard and rent that out as short term, can I still quality under the "short term rental" tax benefit? Or does the entire property have to be one or the other? I currently live in one unit but bought the property as under investment property terms.