M-MTax
Level 12

Investors & landlords

If the property is ready and available for rent you can deduct rental expenses.....period. Improvements need to be capitalized and their cost recovered through depreciation deductions. The number of personal days is ZERO UNLESS you used the home for personal purposes.....if you just worked on the home during those days those aren't personal use days. Turbotax has a problem because if you have a rental that's available and ready to rent all year but no income TT will delete the rental......not good.