Carl
Level 15

Investors & landlords

One issue I have is the 'splitting" of information. For example, when converting to personal use, on that screen where you select the option to indicate you did that, when you select that option you are then presented with the following information:
 "If you moved into your rental and made it your personal residence in 2017, you need to divide up your expenses..."
In my opinion, the word "rental" needs to be removed from that sentence. Then for better clarify it should read:
 "If you moved into this property to make it your primary residence, or if you made it your 2nd home or vacation property, then you can only claim expenses that were incurred prior to converting the property to personal use. You will also need to work through the assets/depreciation section of the program to show the conversion of all assets to personal use."

Then on the next screen you are asked "Was this property rented for all of 2017?"  This question has to be answered NO. When you select no, you are asked for number of days rented, and number of days personal use.
The number of days rented count starts from Jan 1st to the day the last renter moved out. It does not matter if a renter was physically in the property or not because of vacant periods between two renters.
Then for number of days of personal use, there's a "note" under that which reads:
"The number of days during the year you lived in this rental property after converting it from a rental do not count as personal use days and should not be entered as personal use during the year"
Now to me, the above is quite clear. But I would like to see the words "converting it from a rental" changed to "converting it to personal use". In my mind (as twisted as my mind is) that seems to provide better clarity, as the way it reads now can be incorrectly interpreted because a double-negative is incorrectly insinuated in the minds of some.