@osbornedj wrote:
To me it is very misleading... i think the numbers should be that the house was rented or rent ready for 116 + 214 days = 330 days and i had contractor working 25 days and 10 days personal time.
is this correct, can you comment please.
Yes, and I completely understand your point but, unfortunately, it does not work that way according to federal income tax law and regulations.
If you had zero personal use (I mean absolutely none) causing the house to be for rental purposes only, your assessment would be correct.
However, since there was personal use, Section 280A comes into effect and you have to report the number of days actually rented at fair value, the number of days of personal use, and the balance is simply neither one or the other and does not count in your favor despite the fact that the property was "available for rent" (in the typical sense of that word applicable to rental real estate).
See https://www.irs.gov/publications/p527#en_US_2022_publink1000285456 (note examples)
