Hi everyone,
I currently own a condo and rent out one of the rooms at FMV.
Utilities are split but I pay the full HOA and cover insurance,repairs, taxes etc.
The intent was to rent the room out the entire year but I was only able to rent it out for 9 months.
There is a question that asks if the rental was rented out the entire year but if not, for how many days.
Would I say yes because the intent was to do so or do I mark no?
There is also a question that asks how many days it was rented.. would i put 9 months in this box?
What would I put for personal use days if I occupied it the entire year?
The two cannot add to be more that 365.
Also am I correct to be able to write off the entire amount for taxes and insurance or would I have to divide the total by 2?
Thanks
