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New Member
posted Jan 21, 2025 9:21:39 AM

For rental property on schedule E, turbo tax defaults to days rented as 366 when answering that the property was rented for a full year. Why not 365?

Review your rental property info: Rental type and usage Property type Single family (part of home) Days rented 366

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1 Replies
Expert Alumni
Jan 21, 2025 9:34:40 AM

2024 is a leap year and has 366 days. The extra day is February 29.