If it was ONLY used as a rental after the date it was put into service, do not report any personal days.
No, if the rental was put into service (available) 9/1/2024, allocate YEARLY expenses 25/75 for the four months it was a rental. (1/3)
Direct expenses are claimed in full such as the monthly utility bill.
TurboTax will automatically limit the loss if applicable.
The limit is based on your total income (rental and all other) as well as whether you materially participate in the rental.
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