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HOME GLOSSARY SHORT-TERM RENTAL (STR) · VOLUME I · 2026 EDITION
GLOSSARY ENTRY · DEFINED TERM

Short-Term Rental (STR)

Rental property with an average customer use period of 7 days or less. Under Treas. Reg. §1.469-1T(e)(3)(ii)(A), an STR is treated as a trade or business — not a 'rental activity' for IRC §469 — so material participation alone (no REPS required) makes losses non-passive.

STATUTE BASIS · Treas. Reg. §1.469-1T(e)(3)(ii)(A)

In context

The STR ≤7-day test is on average customer use — total days of all customer rentals divided by the number of rentals. A property with 50 stays averaging 5 nights qualifies. A property with 12 stays averaging 14 nights does not.

The mechanism: rental activities under §469(c)(2) are passive regardless of participation. STR ≤7-day average is excluded from “rental activity” by Reg. §1.469-1T(e)(3) — it’s treated as a trade or business. Trade-or-business losses are non-passive when the taxpayer materially participates (any of the seven §1.469-5T(a) tests).

For STR operators, test 3 (>100 hours and more than any other individual) is the typical qualification path — personally managing bookings, communications, cleaning oversight, and maintenance with no third-party manager exceeding the owner’s time.

The combination of:

  • STR ≤7-day average (bypasses §469 passive rules)
  • Material participation (under any single test)
  • Cost segregation generating large year-1 paper losses

is the “STR loophole” pattern. Losses offset W-2 and active business income directly without REPS qualification.

The 7-day test must be tracked on actual stays, not nominal listing periods. A booking marketed as “weekend” but extending to 9 nights counts as 9 nights, not 2. A single long booking can wreck the average for the year.