- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You don't include personal days in a conversion. You are correct in that if you stop renting and convert to a not-for-profit rental, it is converted to personal use.
When you claim personal days, you are telling the program that you have a vacation home, not a conversion.
Go back through and make the correction. You will then be able to prorate expenses and depreciation based on the amount of time it was a rental.
‎February 22, 2022
11:57 AM