Research Problem. Clients Buddy and Debbie Jamison are considering converting their private vacation home to rental property. They have asked for advice as to the tax aspects of owning such property. The only real estate they own is their principal residence and the vacation home. Some of the following sources may prove to be helpful in preparing a report for the clients: Code Sec. 280A; Code Sec. 469; Reg. \$1.165-9(b); A.B. Wood, (CA-5) 52-2 USTC \{9374, 197 F.2d 859; E.G. McKinney, 42 TCM 468, Dec. 36,077(M), T.C. Memo. 1981-377, affd (CA-10) 83-2 USTC 99655 ; T.B. Jefferson, 50 TC 963, Dec. 29,153; L.M. McAuley, 35 TCM 1236, Dec. 34,005(M), T.C. Memo. 1976-276.