How do I complete Schedule E for the room I rented out in my home?

[903066945]

@DaveF1006 

Sorry that was a mistake The correct dates are:

I lived in my home and rented out one room from Jan 1 to May 31.

Then I moved out and rented out the entire house from july 1 to december 31. 

[DaveF1006]

OK to be precise, there were 365 days in 2022.  The percentage for the remaining six months is 184/365= 50.4%, We will call it 50% for rounding off purposes.

There were 151 days between Jan 1-May 31 not counting the days you lived in the house alone in June.  151/365=41.3% Dividing that by half is 21% if you round that off. So 50 + 21= 71%, give or take according to how its rounded off. Seventy one percent is your business use percentage you can use. 

The deprecation for next year will be more straight forward, especially if you rent for the entire year and be able to say that you used this for business 100% of the time.

@903066945