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Investors & landlords
That's simplicity personified. Just be aware that when all done, you will have THREE rental properties showing on SCH E.
1) The one you converted to personal use on 1/1/2021
2) The half that was still a rental for all of 2021
3) The half that was not a rental for all of 2021 because you moved into it at some point in the tax year.
March 9, 2022
5:06 AM