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Get your taxes done using TurboTax
Be sure to check the box in the Property Profile section to indicate that you converted the rental property to personal use.
Your rental use days would be 120, but your personal use days would be 0 since it was converted to all personal use immediately after the rental period ended.
Yes, you would prorate the expenses to cover only the period of time the property was a rental. Your example is correct. However, there are certain cases where TurboTax will do the math for you to prorate rental expenses. Pay attention to the messages onscreen and examine your Schedule E when you are finished to be sure the numbers are accurate for your situation.
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‎April 11, 2025
4:24 AM
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