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Investors & landlords
Hi, thanks for the extra detail. Ok, well maybe this will make it more clear. This is for AirBnB, so I lived in the house until May and then rented it out through September, then lived in it for the rest of the year. So I converted the entire property to a rental and then converted it back to a home. Looking at the information for personal use, copied below, it seems that all 210 days should be listed as personal days.
"PERSONAL USE : A day of personal use is any day, or part of a day, that your property was used by: 1) you for personal purposes... The following are NOT treated as personal use days:* days you used the dwelling as your main home before (or after) renting it, if: 1) the unit was rented 12 months or more or will be."
So I'm thinking I have it all listed correctly, and that the calculations for expenses directly related to the rental (cleaning/maintenance, utilities) are not being done correctly. This seems to be a limitation in the TT software. As I look at the Schedule E form, I could just enter that information exactly as I calculated it. Should I just adjust them to be what I know is right and have documentation for?
Thoughts?