Investors & landlords


@taxquestioner wrote:

Hello,

 

I've read that if you are renting just a room, the personal use days are 365 minus the days rented. The room by itself is not a dwelling unit. Am I missing something? Thanks!


Entering the personal and rental days is to prorate expenses.  That proration based on days is done the same regardless if it is the entire "dwelling unit" or just part of it.

 

In connection with the proration of expenses, the Tax Code specifically uses the phrase "unit (or portion thereof)".