When you start as personal use then convert to a rental, you will not count your expenses prior to the time the property was available for rent. If you use the property for personal use while it is a rental property, then the expenses are allocated.
For example. You did a month to month lease with your tenant, they rent it from January to May. You then move in from May to June, then rent it again from July to December. In this scenario you would include all of your expenses as you are using your rental property for personal use.
However, in your situation, you would not include the time prior to renting the property as personal use and therefore would not include the expenses for that period of time. You would only include the expenses for the time it was considered a rental property.
The same will apply if you convert it back to personal use. You will include the expenses for only the time that it is a rental property. If you use it for personal use prior to converting it back, you will then need to enter the number of days it was used for personal use and the expenses during that period. TurboTax will then allocate accordingly.
Basically, the expenses are allocated during mixed use periods, but not before or after fully converting.
@smilgrom79
(Edited 1/12/2023 @3:49PM PST)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
