Investors & landlords

Follow these steps:

1. You need to go into the property profile. 
2. Select  that you converted the property to personal use. 
3. Select No the property was not rented all year. 
4. Enter the number of days the house was considered a rental property. 
5. Under personal days of use, leave it blank since there were none during the rental period. 
6. Continue through the property profile section until you reach the Rental Summary page
7. Select Assets/Depreciation
8. Mark all assets as converted. You may have appliances or capital expenses. 

This should clear things up with you and the program. When you go through the mortgage section, the program will ask if you want it to divide up the expenses and carry the remainder to your sch A. You can let the program do it or you can/ Both methods are acceptable.

The date available for rent is asked if you are entering the property for the first time.