Investors & landlords


@jbowers53 wrote:

 

"In the year you convert your property from a rental to personal use, the days you lived in the home as your primary residence after the conversion do NOT count as personal use days."


 

This is what applies to you.  Enter ZERO personal days.  The other statement is referring to situations where it goes back-and-forth between rental and personal use.  But completely converting it to personal use (expected to be for a year or more) means you enter zero personal days.

 

You will need to MANUALLY prorate some of the expense for the year (such as mortgage interest, real estate, tax, etc.) because it was only a rental for part of the year.

 

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