great, thanks for clarifying. For those that read this thread, just to explain... when you have personal use mixed with a short term rental what happens is the expenses you have incurred that year will be scaled down by an amount generally based on a ratio between personal and rental business use. In my case the stay to personal rate was like 92% and the expenses allowed went down about 1000$ out of a possible 16000$, so they allowed about 15$K. Not exactly sure how those numbers are scaled but that is how my scenario turned out. I was able to put the largest purchase of 2022, a new AC system at $6500 as an expense but i was able to enter that as a depreciation and i got roughly $5800 in depreciation credits.
My understanding is if i use turbo tax next year and incorporate my tax forms from last year the system will automatically handle this depreciation going forward.
