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Mixed use property, change in days rented from prior year, less than 15 in 2019
Hi,
Hopefully this is a real simple answer, like "delete the schedule"
Situation : I've had a vacation property that I rent and use personally for 3 years. The first two years I rented it out more than the amount of days necessary to complete a Schedule E (15 I think). Because of this, in 2017 and 2018 tax years I filled out a schedule E, included rental income, offset by % of expenses based on rental/personal use.
In 2019, I've rented the property out less than 15 days. I did fill out all the information in Turbo Tax as if I was going to report the net income, but Turbo Tax flagged the entry because the days rented was less than 15.
To fix this, do I just delete the whole Schedule E from my return?
Topics:
March 29, 2020
9:55 AM