For 2024, there are a variety of complications to my rental income, and I don't know how to handle them in TurboTax Premier. Here are all of the variables.
- I lived in my home in Pennsylvania from January 1, 2024 - September 7, 2024. (251 days)
- I had a renter sharing 50% of my home from January 1, 2024 - July 31, 2024. (213 days)
- On September 7, 2024, I moved from my home in Pennsylvania to Virginia. However, I kept my home in Pennsylvania, did some upgrades (painting and carpet replacement), and advertised it as a rental property.
- I did not get a renter for my property until January 3, 2025. Therefore, from the time I moved out of my home on September 7, 2024, through December 31, 2024, my home was vacant, but available as a rental.
In the Federal Taxes > Wages & Income section of the TurboTax Premier local app, it's asking, "Was This Property Rented for All of 2024?"
Unfortunately, I can't paste a screenshot in here. But I answered the questions in that section as follows:
- No, this property was not rented all year.
Days rented at fair rental price = 213
Personal use during the year = 251
Is that the correct way to answer those questions? Is there anything else I should know as I move forward with entering information about this property? Also, I used to be able to call TurboTax and get free help with a live person. Is that no longer an option?
Thank you!
Louise
