This year I purchased an 3 bedroom 3 bath condominium. For approximate half the year I live in 1 bedroom and one bath and rent the other two bedrooms and baths. The other half of the year I rent the the bedroom and bath I use so that the place is 100 % rented during that period.
How do I enter this in Turbo Tax and can I treat the property as 100% rented the part of the year I am not living in the unit?
Also this year since I purchased it mid year so I only owned if for part of the year of which I was there about 2/3 of the time and it was 100% rented the other 1/3. How do I handle that this year?
