real estate professional status vs short term rental benefits
if i cant qualify for Real estate professional status can i do short term rental status if i change my tenants leases to month to month
Ashish Acharya
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Yes, you can but changing mid-year will qualify you for the less than 7 days rule. Make sure you manage your stay so that you meet the requirement.
if i wait to change when they renew and have them sign 9-12 30 day leases is that legit in the eyes of IRS for short term status?
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Ah neve rmind i see i would have to provide meals or maid service