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How do I convert a partial rental of my SFR into a full rental
in 2016, I remodeled and rented out the basement as 40% of the house. There is a a depreciation schedule for the house and remodel costs from 2016. in 2017, I rented one additional room upstairs and then moved out in Nov, spending $10,000 in remodel costs and rented out the entire space except garage
We moved out in Nov to remodel and had rental income for a few weeks in Dec.
How do I enter that 50% of the house was rented all year and 100% in the last 2 months? Do I count the unoccupied time as a rental (during remodel?) or only when I had a paying renter?
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‎June 6, 2019
8:41 AM