One thing stuck out to me. Why is the property only 72% business use at the start of your post and then 47.62% in the prior year? Did you actually live in the property as your primary residence, 2nd home or vacation property for 72% of the time in 2023 and 47.62% of the time *you owned it* in 2022 when you purchased the property?
- Vacant periods between renters is not personal use time. It still counts for business use.
- If you live in the property for a few days, or even weeks, for the primary purpose of preparing the property for the next occupant, that too is *not* personal use. It still counts for business use.
One thing I've noted in past year's versions of the TTX program, is that if/when you have different amounts of business/personal use each year, the program flat out can not *correctly* figure the depreciation. If they've fixed that issue since (about 3-4 years ago) I wouldn't know. But I seriously doubt they have fixed it, due to the complexity of programing that would be required for a program that is already heavily bloated to begin with. (It's bloated because of all of the convoluted tax laws and the fact that congress can't leave well enough alone each year and are constantly changing tax laws.)
