Taxstra • Planning worksheet • 2026-09-05

Converting an STR to a Long-Term Rental: What Changes in Year Two?

Use this worksheet alongside the guide. The figures and schedules are educational illustrations, not individualized tax advice or a recommendation for your circumstances.

Work through your records

Read the explanation in the guide before filling in the schedule. Keep the illustrated values separate from your actual records. For each row, identify the supporting document, applicable period, unresolved assumption, and person responsible. Do not treat example percentages or classifications as established facts for your situation.

Record	Carry forward or update	Your records / questions
Asset and depreciation schedule	Original costs, adjustments and accumulated depreciation
Use calendar	Date the operating pattern changed
Loss schedules	Separate prior suspended amounts by applicable rule
Participation records	Work performed in the current year
Lease and services	Actual new rental arrangement

Resolve the decision

What decision or discrepancy does your completed schedule reveal?Which assumptions need professional review, and what documents support them?Who will take the next action, and by what date?

These fields stay in this document. Taxstra does not receive the information. Print to paper or PDF if you want to retain completed entries; do not rely on browser storage.

Explore the relevant Taxstra service. Use the consultation to establish fit and scope; individualized analysis and implementation require an engagement.