I'm trying to figure out if a piece of real estate that I own should be treated as a rental property or a second home on my US 2016 income taxes.
I bought the home in 2010 and lived in it until 2014 as my primary residence. At that point, I moved out of state for a job and rented out the house for the remainder of 2014 up to Nov 2015.
However, the rental wasn't really working out (major property management/legal issues), so I decided to put it on the market for sale in Nov 2015. It didn't sell until Feb. 2017, so it was vacant the entire year of 2016. I didn't spend any time there, and made no attempts whatsoever to rent it during the year.
Because of that, I'm not sure whether this property is still a 'rental property' that just happened to be vacant, or if it is a second home? Given that I earned $0 of income from the property, is it better to claim it one way vs the other? Can a home go from being a rental the prior year to a second home this tax year?