- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Here's some clarification for you, since you rented out a part of your home.
- Percentage of floor space that was classified as residental rental property - This number will be less than 100%. Period.
- Percentage of business use. This number will be ONE HUNDRED PERCENT. For the period of time you classified that space as a rental, it was ONE HUNDRED PERCENT business use.
- Number of days rented. The day count starts on the first day a renter "could" have moved in. This is the date you converted it from personal use, to rental property use. The day count ends on the day you converted it from rental property use, back to personal use.
- Number of days of personal use. This is ***ZERO***. For the period of time the space was classified as a rental, you used it """ZERO""" days for personal use. What you used it for while it was not classified as a rental just flat out does not count for anything.