You will be allocating the rental/personal amounts of expenses. Ex: Lived in home for 9 months and rental for 3 months. Allocate 75% of interest as a personal deduction and 25% as a rental deduction.
Enter your property under the Rental Properties and Royalties section. In the rental property section under your Property Profile, indicate that 2016 was the first year to rent the property and that you converted the home from personal to rental (or vice versa).
On the page, Was This Property Rented for
All of 2016?, select 'no' and enter the number of
rental/personal days. Continue to enter the rental share of interest, property
taxes, insurance, etc.
Note:
The personal
use days means 'did you use it after it was placed in
service as a rental (like a vacation home). Enter '0' if you never used the
property once it was rented to others.
After entering the rental share of interest/taxes, navigate to the Deductions & Credit section to enter the personal share.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
