I initially planned to enter 153 rental days (from August to December 2024) and 213 personal use days (from January to July 2024) as per my understanding of Publication 527. However, I wanted to clarify the reason for entering "0" personal use days as you suggested, as I’m thinking about it in terms of the regulations provided in the publication.
Could you please provide more context on why personal use days should be entered as 0 days in this scenario and applicable regulation subsection that details this?
Additionally, if I enter 0 personal use days, should I manually calculate the mortgage interest and real estate taxes for the 153 rental days and enter that manually into the software? The reason I ask is that, if I enter 0 personal use days, the software seems to automatically apply the amounts from my 1099 mortgage form without considering any personal use days. So I've to manually calculate the amount taxes for 153 days (Amount*153/365) and I've to input them in SW.
However, if I enter 213 days of personal use, then software then calculates the mortgage interest and real estate taxes based on those personal use days, potentially reducing the rental portion I can claim.
Could you walk me through the reasoning here, and best approach to proceed here with best reasoning.
