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Investors & landlords
I assume I list the days rented through November 5, personal use days 0? Correct
Are the repairs deductible since they were paid for by the security deposit, which I'm including as Income? Correct
What is the best way to handle this for 2019 while also not creating a headache for myself for 2020 when the unit was sold? HINT ... it will remain a 2019 rental ... do not mention it was sold on the 2019 return.
Then on the 2020 return you MUST enter 1 day of rental use & 0 personal use for the program to handle the sale correctly and with the least amount of errors.
‎June 27, 2020
9:20 AM
1,019 Views