I have a new client that had a rental property for many years. In November of 2018 he moved into it temporarily and used it as his personal residence for about 2 months. He did this in order to be able to refinance the property. He then moved out of it and it sat mostly vacant for several months before being sold in June. He did rent it out on Air BNB for 2 weeks between him moving out and the sale.
He sold the property for a huge loss. Question is: Did moving into it for a short time eliminate his ability to take a loss on the sale? Since the personal use was temporary would it not be enough to change the tax treatment?