Thank you so much Mike! I am sorry, I should have clarified. Yes, the rental was formal, at fair market value, to tenants I am not familiar with, and it is being used as their primary residence (Aug 2021 - June 2022). As you suggest, I am prorating expenses between rental and personal use. Thank you!
As for depreciation–I normally claim depreciation of my home as part of my home office deductions (in 2022 it will correspond to 7 months only). Should I ALSO claim depreciation for my home for the 5 month rental period? If I do this, TurboTax significantly reduces my net rental income (like by $5000) which doesn’t quite seem right.
Does claiming depreciation for my rental unit even apply in my case, given that it is only temporary (10 months total only)?
Thank you so much, I really appreciate your help, Susanna
