Hello everyone,
Apologies if this has been covered before, but I believe my situation is rather specific and has not been addressed yet. Any advice would be greatly appreciated, since I cannot seem to get the software to recognize my particular case.
Here is the scenario:
I lived in a home for 1 year, as a primary residence and then converted it to a rental unit for 2 1/2 years, starting1 Jul 2015. I then moved back in and again used it as a primary residence for 5 1/2 years. Finally, in 2023, I converted it back to a rental unit for the 2nd time, until present.
How do I fill in the rental property questions to capture this correctly? This is what I have currently
* 2023 was the first year I rented the property. NO
* I converted this property from personal to rental in 2023. YES
* Was the property rented for all of 2023. NO
* In 2023, Days rented at fmv: 245
* In 2023, Days used for personal use: 0
* Have you used this item 100% of time for this business since you acquired it: NO
* Date I started using it in this business: 1 Jul 2015
* Percentage of time I used this item for this business after placing it into service in 2023: 100%
Is this all correctly filled out? If so, then where can I claim the prorata amount for property tax/mortgage while the home was a primary residence in 2023?
Thanks you kindly for any advice
James
