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Asset Depreciation for Airbnb

I purchased my home in 2021 and converted it to an Airbnb a few months later.  This is my primary residence and I "move out" and live with family for a weekend or so at a time while guests are staying at the home and have full access.  When reporting depreciation of assets, I'm getting tripped up on the "percentage of time used for business"...would this essentially be the occupancy rate?  I only had 28 nights booked in Airbnb last year, so would I say "No, did not use 100% for business, rather 8%?"  Or am I reading into this too much?  Alot of what I'm reading is homes that were personal use, then converted full time to rental.  Whereas, in my situation, it was "rental" and "personal use" throughout the year, depending on the demand.

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1 Reply
AnnetteB6
Employee Tax Expert

Asset Depreciation for Airbnb

Unless the asset you are placing into service was exclusively used by your renters and never by you when you were living in the home, you would enter that it was not used 100% of the time for business.  The percentage of business use would be the percentage of days that the item was used for business, or in your case 8%.

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