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Investors & landlords
Yes. The percentage day for rental is 83.84% of 2022. The rest is personal.
If there is no personal use "AFTER" you converted it to a rental, then it's zero days of personal use. What you used the property for before converting it to a rental, *do* *not* *count* for anything.
If you just select that it was rented "the whole year" then the program (not you) will correctly figure depreciation based on the conversion/in-service date you entered.
Unless you pay a management company to make all management decisions for you, you *do* actively participate, and should select that option when presented.
March 17, 2023
1:13 PM