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Deductions & credits
This is definitely rental property. You are still using the property sometimes. Any days you are there solely to work on the house, repairs, upkeep, do NOT count as personal days of use.
You will want to prorate expenses between you and the renters. The program can do that for you or you can manually enter your information.
Please see the links below for more information.
- What kinds of rental property expenses can I deduct?
- What is rental depreciation and how does it differ from an expense?
- How do I handle capital improvements and depreciation for my rental?
- Can I claim a security deposit?
- Where do I enter Income and Expenses?
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‎January 22, 2020
8:39 PM
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