I own a single family home that has been split into two units. When I first bought it, I rented out both units. After a few months, I converted one of the units into my primary residence. I am classifying the property as multi-unit and doing a Schedule E for each unit.
For the unit that was a rental the entire year, am I supposed to classify it as owner-occupied or not (since it wasn't at first)?
Can someone please help me understand how to handle depreciation, mortgage interest, and other deductions? I get that I need to allocate expenses, but I'm really confused about what TurboTax will auto allocate vs what I need to allocate manually.
