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Investors & landlords
Thanks but to be clear, we always classified it as a rental from the first year. We always put in how many days it was rented and how many days we used it for personal use and TurboTax allocated the expenses accordingly on Schedule E to account for the 1099 we received as well as the commissions we paid, insurance, license fee to rent it, etc. I'm just wondering if every year, based on the days rented vs what we used Turbotax used those numbers to calculate depreciation as well as any passive loss carryover.
March 23, 2021
3:08 PM