Hi Colleen,
In 2020, I had a rental property under renovation due to tenant damage.
I received loss of rent check from insurance company for 1/2 of the time it took to fix it.
Once fixed, I listed the property for both rent and sale. Sale offer came first, and I sold the property.
Do I count the days covered by loss of rent payment from insurance company as rental days?
If I don't, TurboTax tells me to delete this unit as a rental altogether.
Since I incurred significant cost in time and expense from damage caused by rental activity (not covered by insurance), I don't see how it would be accurate to not consider this a rental unit.
Appreciate your thoughts.
