Question 1: I am looking to confirm that I should enter 0 as my personal use days even though I lived there as my primary residence becaause overall the lease is for 13 months total (even though it carries into 2021). ONCE the property became a rental your personal use of the property is ZERO.
Question 2: Does the condo in fact qualify as an actual rental property if it has not been actually been converted, come end of June will have been rented for only13 months of the prior 42 and may be sold. Im inclined to say yes, esp since I have been issued the 1099-MISC, but cannot seem to get a straight answer on this one. Since it is a rental for part of 2020 you must enter it on the Sch E and enter the property as an asset and take depreciation. This is not optional but is required. Then if you sell in 2021 then you will still have a Sch E for the time it was a rental until it is sold. Follow the screen instructions carefully and read the blue hyperlinks for more info and/or upgrade to the LIVE version to get one on one instructions.
