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I bought a condo unit in 2021. It is considered a rental but I don't charge my relative any rent. How do I show this in my taxes?

Turbo tax asks: Days I rented it for fair rental price,  Days of personal use, or finally if I did not rent or attempt to rent the property at all in 2021?  I paid the mortgage as if it was an investment property.
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1 Reply
FangxiaL
Expert Alumni

I bought a condo unit in 2021. It is considered a rental but I don't charge my relative any rent. How do I show this in my taxes?

You did not rent it in 2021 at all. It is considered personal use. See if you can itemize your deduction with any mortgage interest and property tax.

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