This is my personal home. I rented it out for 45 days on airbnb. We left on Jan 30th and returned March 16th. While we were away we went on an extended cruise/vacation.
1) Turbotax is ratioing the expenses (Utilities, Property tax, interest)
2) For Unique rental expense - - like the VRBO $499 advertising fee I will enter that as instructed above under "Any Miscellaneous Expenses" Expenses applicable ONLY to the rental of your home.
3) For the depreciation I entered the date I purchased the home and the asset value from 2018. I also included the renovation cost as a sperate line item, and lastly the kitchen appliances as a third line item.
When asked if I used this item 100% for business since I acquired the asset i said "NO" I then selected "I first used this item at least part of the time for business and also used it for personal use" I then entered 1/1/2019 as the initial business use and filled in the percentage of 12.3% for 45 days which was rented.
This seems OK for 2019 -- but thinking ahead, what if I rent it a different about in 2020, 2021 etc etc... will turbotax be able to adjust the depreciation schedule appropriately?
