AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

With respect to personal use days of a rental property, you only consider the time it was used as your personal residence after it was converted to a rental property.  Up to the date it was converted, it was simply your personal residence.  TurboTax should give you a reminder on the screen to not enter any personal use days for the period of time prior to converting the property to a rental.

 

The personal use days is confusing when you have converted your personal residence to a rental.  However, the question only applies to any time period after the date of conversion.  It is more applicable to the situation where you have a vacation rental that is being used for personal purposes for a few days and being rented other parts of the year.

 

If you enter personal use days prior to the date the property was converted to a rental property, then your expenses will not be prorated correctly.  

 

Your calculation example above is correct for your scenario.  Also, your new primary home may also be added to Schedule A itemized deductions.

 

When you go back through the Rental Income and Expenses section to remove any personal days you entered, then the amounts automatically prorated between Schedule E and Schedule A may change.  Pay close attention to the messaging on the screen for guidance about whether to enter the full amount in Schedule E or just the portion for the time the property was a rental.  Then, do the same when you get to Schedule A entries.  If an amount has been reported in Schedule E, it is generally shown on the screen so that you will not duplicate the entry.

 

@gshforever 

 

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