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Investors & landlords
Think of the part of your home as a separate unit. Enter in TurboTax as rental and under the Property Profile, indicate that you rented a part of your home on the page, Do Any of These Situations Apply to This Property?
On the page, Was This Property Rented for All of 2016?, the question is referring to the part of your condo (the rental unit). Answer 'yes' if the unit was rented all year. Do not enter any days of use if you are answer 'Yes'. If you did, select the 'no' box and remove all entries. Then re-select the 'Yes' answer.
Answer 'no' if your rental unit was not rented all year and enter the rental use days and the personal use days for that unit or room. Ex: Even though you personally used the home the entire year, if you rented a room for part of the year, then you would not be using that room for the entire year.
See attachments.
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