Rental use is depreciable
If the property is rented out and held for income, the building portion is depreciable like any rental. Land is still excluded.
Personal-use days reduce it
If you also use the property personally, you generally allocate depreciation between rental and personal use. Heavy personal use can limit deductions under the vacation-home rules.
Short-term rentals can be different
Average stays of 7 days or less can make a rental a non-passive "business," which interacts with material participation and cost segregation — a powerful but nuanced area often called the STR loophole.
Frequently asked questions
Can I depreciate an Airbnb?
Yes, the building portion used for rental is depreciable; personal-use days reduce the deductible share.
What is the short-term rental loophole?
When average stays are 7 days or less and you materially participate, losses may be non-passive — often paired with cost segregation.
Sources
Educational information and estimates only. Not tax advice. Tax rules change and vary by situation; consult a qualified tax professional before acting.