Business Use Percentage on Asset Entry Worksheet for Asset Type I

[GAP4]

Adjacent to Line 6 on the Asset Entry Worksheet "Percentage of business use" there is a notation that it is "Applicable to asset Types A-G, P, Q."  Does that mean Line 6 for other asset types should be left blank, implying 100%? Should a vacation rental property with personal use days and rental days be classified as Asset Type I or something else?

[PatriciaV]

A vacation property with personal use days is Type 1 (Residential rental). For Vacation Home Property, the program defaults to the rental percentage computed on the Schedule E Worksheet. If no business use percentage is entered, TurboTax uses 100%.

To see a full discussion of how this is percentage is used, open the form in Forms Mode and right-click on the Line 6 entry box and choose "About Business use %." Tax Help (On Demand Tax Guidance) will appear in a pop-up with more information.