Thank you! Now I am trying to figure out this rental asset section. It looks like I have to add the rental property as an asset. I just want to make sure I understand this section and I am not filling it out needlessly. This is my situation.
I have a primary residence which I have a mortgage for. I have a rental property which I also have a mortgage for. I refinanced my rental property in 2021 when it was still my primary residence. It has been rented out since July 2021. If I have to list it as a rental asset, this section is asking me to enter purchase information. I am assuming I enter the info from the refinance and not from my original purchase in 2016?? It is also asking me to enter the date I began using it for 100% business (rental income) which was in July 2021. Am I required to fill out the rental asset section?
