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Investors & landlords
is this correct?
No. As an example, if the property was converted from personal use to rental use on Dec 1st and remained a rental for the rest of the year, then:
Was this property rented all year? YES
Days rented: 31
Days personal use: ZERO
What the property was used for while it was "not" classified as a rental does not count for anything what-so-ever. Now if I did use the property for any personal use between Dec 1st and Dec 31st, then my days rented and days of personal use *must* add up to 31 or less.
In the desktop version of the program, the small print does try to make that clear. For some, they interpret it correctly. Others just flat out don't read that small print at all.
‎September 29, 2021
4:08 PM