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If you have a home that you use and rent out, you have a tax code-defined vacation home.
Under the tax code rules, that vacation home is either
a personal residence or a rental property.
The tax code classifies your vacation home as a rental property if
- you rent it out for more than 14 days during the year, and
- your personal use during the year does not exceed the greater of (a) 14 days or (b) 10 percent of the days you rent the home out at fair market rates.
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