Talk of The Villages Florida - View Single Post - Second home vs rental property and what's deductible
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Old 03-01-2021, 12:37 PM
retiredguy123 retiredguy123 is offline
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I agree with using TurboTax or asking a professional for this situation. But, the IRS website says:

"A dwelling is considered a residence if it’s used for personal purposes during the tax year for more than the greater of 14 days or 10 percent of the total days rented to others at a fair rental value."

Also, the only expenses that would normally be deductible for a residence are mortgage interest and real estate taxes. The other expenses you mentioned would not be deductible.