I bought a home in 2012. I lived in it for a few years until I got married and then I let my daughter and her family live there until they got on their feet. They moved out at the end of March 2020 and I listed it for rent for April 2020. Because of COVID it was empty the entire year. I paid all the utilities, taxes, did repairs and maintenance on it during that time (it was still listed for rent). I know I can claim all of that stuff but I am confused when I enter the property for depreciation. In 2012 I paid $127500 for the home. The land value was $30K. During the years I lived there, I added a fence, remodeled the bathroom, etc. I have all of the receipts. Do I add all those into the initial value? What about closing costs? Also, where do I put in how long it was used for personal use (my daughter) in 2020 (Jan. Feb & March) and then April on listed for rent? I don't see that section anywhere unless I haven't gotten to it yet. There was one section it asked to put in business and personal use but it said to enter 0 if it wasn't rented.
