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Investors & landlords
So on the following screen, I selected the option indicating that the property was rented all year per Diane's and Carl's explanation.
Afterward, I reviewed the completed Schedule E worksheet and noticed that Turbo Tax had entered 365 for "Fair Rental Days" on line 2 even though I only owned the property for 186 days in 2021.
Should this number be 186 days versus 365 days since I only purchased/owned the property on June 28, 2021 which is also when it was placed in service?
‎April 4, 2022
3:02 PM