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Deductions & credits
You would enter the rental income and costs that apply to the period of time you had the slip rented. For instance, if you paid $200 a month for HOA fees and you rented the slip for three months, you would enter $600 for the HOA fees. That shouldn't result in too excessive a loss on your tax return.
Also, you should edit the Profile section of your rental property and when you see the screen that says Do Any of These Situations Apply to This Property? choose the I converted this property from a rental to a personal use in 2021 option by checking the box. That will allow you to remove the rental from your TurboTax so depreciation expenses won't show up in the future on your tax return.
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‎February 22, 2022
5:55 PM