Updated over 4 years ago on . Most recent reply

Short Term Rental of Owner Occupied Property
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.