2706917
My situation is a little unique, I don't see many people do what I did. Most people lived in duplex and move out, I actually moved in.
In Income & Expenses, I select Multi-family. I see 2 option that might be applicable to my situation:
1 )Converted Home to rental or rental to home
2) Rented a unit in multi-unit where you live.
Do I select both? or One of the two?
There's a question "Was duplex rented every single day in 2021?" My situation is that...
Unit A: Rented out from 1/1/2021 until I moved into this unit in August.
Unit B: Found renter in 6/19/2021, vacant before that
If I select "No, sometimes it wasn't", there's a question about Fair rented days and personal use days. Again, this is talking about the unit I moved in?
Further down, for 2021 rental income should I enter total for both units I received? I guess I'm just not sure these questions apply to the entire building or just the unit I moved in.
Seems like maybe I need to report each unit as separate entity?
Thank you so much!
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Yes, you are going to have to treat each side as separate property. The unit you moved into is a conversion.
Yes, you are going to have to treat each side as separate property. The unit you moved into is a conversion.
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