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Used rental property for personal use for several months between tenants, do I adjust the depreciation to account for this?
ipc1
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Used rental property for personal use for several months between tenants, do I adjust the depreciation to account for this?
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TurboTax Premier Windows
June 3, 2019
10:12 AM
JulieR
Expert Alumni
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Investors & landlords
The depreciation will be adjusted by the business use percentage computed when you enter the number of rental days and personal use days of the property.
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June 3, 2019
10:12 AM
ipc1
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TurboTaxJulieR,
The number of personal use days was 85, so is the business percentage calculated using (365-85)/365 which is entered as 76.71%?
June 3, 2019
10:12 AM
ipc1
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TurboTaxJulieR,
Is my previous comment an acceptable method for calculating the Business %?
June 3, 2019
10:12 AM
JulieR
Expert Alumni
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Investors & landlords
Yes.
June 3, 2019
10:12 AM
