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Updated about 8 years ago on . Most recent reply
Can I stay at my VR and it still be a business?
Just starting out investing and wondering, can I stay in the off-season of my vacation rental and still have it as a business? How would that work? Is it different if I have an LLC? Are there any good books out there that help understand this? Thanks for reading.
Most Popular Reply
I'm not a CPA, but you can most certainly stay at you're VR and keep it classified as an investment rather than a second home. As long as you limit your usage to 14 days or 10% of the time it is rented, you will keep that property classified as an investment. Being able to use your VR is a great perk!