Rental Property Full or partial year rental?
I have a 3 bedroom rental that had major water damage resulting in only one of the three bedrooms being rented our during the year. Obviously the rental amount falls way short of previous years. I did have one renter stick it out with me through all of the repairs. Question is: Do I report the unit as being rented out the entire year? Or 2/3 to better match the income received? Is there a way to tag the rental to explain why the rental amount is so low if we record it as a full year rental?