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Sharing a new home equally with 2 other tenants - Days Rented vs Personal Use
If I purchased a home mid-year (e.g. in May) and also rented to two other tenants to share the home evenly with me, how do I answer "Was This Property Rented for All of 2019?" on the Schedule E Worksheet in TTAX19?
"Days Rented vs Personal Use days" (Sched E line 2)
I bought the home on May 17 and advertised for housemates immediately. Do I enter 365 days rented and 0 personal days (i.e. indicating the whole time I owned it), or do I enter the actual number of days I owned the new rental and 0 personal days? (The help on this entry only talks about part-time vacation homes.)
It's confusing.
‎April 1, 2020
2:41 PM