I travel quite often for work (6-8 months out of the year). Am I able to rent my home if I purchased it as an owner occupied property? It'd be 1-3 month lease terms depending on my work assignment. I've seen online that theres a "10%" rule where if you spend at least 10% of the calendar year in your house you can claim it as your residence for taxation purposes. Does this apply? Also I've owned the property for less than a year at this point.
The rules generally state you must occupy the home for 24 months during the last five years, which is 40% of the time. Question is, who's going to dig through your travel records to confirm exactly how many days you spent there? Try to do your best to meet the requirement but I wouldn't sweat the small stuff.