Converted home to rental in 2017. Bought it in '15 and refinanced in '16. Under Loan Info, TurboTax asking for "Rental Use Percentage (1-100), how do I calculate?

[Coleen3 · Accepted solution]

For the time period it was a rental, if there was no personal use, then it is 100%. Be sure to indicate that it was a conversion. When you convert the property from personal use to rental, the basis for depreciation was lower of the Adjusted Basis or the FMV on the date of conversion.

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