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.
01240
1 Replies
FangxiaL
Expert Alumni
Mar 24, 2022 9:25:47 PM
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.