Investors & landlords

Thanks, Champ.

As you noted - "What does make a difference is if you had any personal use days *after* it was converted to a rental."

 

As shown below, I did re-occupy the unit for 60 days so on Schedule E I used 179 personal days and 153 of leased days and Turbotax used this to allocate costs. For Depreciation, TT by default did not ask for vacant days so it populated the business use % at 46% vs 51% that would be calculated using the vacant days. This appears to make a difference since the percentage gets applied to the basis to calculate the depreciation amount.

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