cmoy
Level 2

Investors & landlords

unfortunately it's not as easy as I painted the picture, I just laid out things just to simplify the situation.  TurboTax doesn't seem to have the capability to handle a complex case, as is this case.  There was still personal use of the house actually after August 1 even though it was rented out, as yes, only part of the house was rented out.  Even before August 1 also I used it for personal days, although the definition of personal use could be debated either way since I was primarily there to show the house but also it is my second/vacation home.  Putting it down for the whole year as "for business use only" would not be accurate. 

 

I see that on the Schedule E worksheets, it has allocated all of my depreciation as a Vacation Home Loss Limitation, which is where the crux of the problem is - not all of it should be allocated there.