Actually, I do have more questions about that. On the page titled "Converting Your Home to a Rental", it says, "Here in Rentals and Royalties, we will ask you about your expenses for the time your home was used as a rental. Later, in Deductions and Credits, we'll ask about your expenses for the time when you lived in the home.'
Does that mean that at first, I list my expenses for after I converted it to a rental? And then, in deductions and credits, I list expenses for while my home was 50% rental (while I was living there)?
And what about my homeowner's insurance? My insurance was due on 6/28 (not sure when my mortgage company paid it) but I believe that was for the coming year. How do I divvy that up?
Also, I did some repairs to my home after my housemate vacated on July 31, but before I moved out on September 7, in preparation for renting it out. For example, I replaced both toilet seats and I had some painting done. Can expenses like that go in as an expense for when my home was a rental, even though the expense occurred while I was living there without a housemate?
Finally, in July, I paid for my wall-to-wall carpet to be replaced in preparation for converting to a rental, but it wasn't actually replace until after I moved out. Can I claim that as an expense for when my place was 100% rental even though I paid for it before I moved out? And a tax advisor told me that the carpet has to be depreciated, so where in TurboTax do I enter that?
