Look under classifieds.

., can that still be considered a rental property and the income classified as rental income? 

@John Silva,  A lot is going to depend on how your accountant classified it on the two tax returns you owned it. 

The problem here is that in my area, I would classify my home as a top 5% home in the area.

Also if people are booking for 3-5 months at a time would that change things in regards to taxes etc and how the property would be classified?

I am looking at a property that is classified as 2 units.

I would not be too sure about the deductibility of the entire loss against W2 income as passive loss rules would seem to apply here as it is doubtful you would be classified as a dealer with substantial W2 income. 

All advertising must be posted within our Classifieds forum only.

With the recent tax change changes he said there's more flexibility to classify it as a repair instead, and expense it immediately. 

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