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Rental Property Out of Service
Hi. Wondering if I should amend my Schedule E for a rental property that was taken out of service on Sept. 30 2019 and converted to my primary residence. I converted the rental property to primary residence on Oct 6 2019 to present. I entered ZERO for personal use days. The significance is that I want to sell my home at the 2 year mark and wondering how the IRS verifies that personal residence timeline. Thinking I should amend schedule E and enter personal use days of Oct 6-Dec 31 but the IRS language appears to say not to enter personal use days after converting/retiring. Thank you!
March 14, 2021
6:58 PM