A question that often comes up is whether a rental property can be used by the owner as a vacation home. You may have a rental property at the beach or in some other location that’s popular for vacations. Perhaps you’ve been renting it out and generating some losses out of that. As the owner, you are successfully deducting those losses on your tax return. If you decide you’d now like to use that property personally, you’ll need to be aware of the rules that apply. If you use the property for too many days personally, it’s no longer a rental property, and you can’t deduct those losses.