Partial Year Depreciation for Principal Residence Leased Condo

[Carl]

Thanks @Anonymous_ 

I looked at that screen in the assets/depreciation version, and recall this as an issued I identified before, for a totally different problem related to one renting out a percentage of one's residence. So looks like this issue is two-fold now.

- When one is renting a percentage of their primary residence, the percentage entered here has to be percentage of floor space rented. Otherwise, the depreciation will be wrong. The only time it would be right, is if the floor space percentage was spot on equal to the percentage of year rented. While it could happen, it would be rare.

[barrons185a]

Champ,

Another item TT did not handle properly for me was the QBI deduction. I input that I was not eligible for the QBI safe harbor and then the next screen appeared ...

However, TT did not provide me with enough info to decide how to answer. So I did some research and found the following which confirms I am not eligible ...

Real estate activities are not considered a trade or business if real property is used as a residence as defined in Sec. 280A (i.e., it is used personally by an owner for a number of days that exceeds the greater of 14 days or 10% of the number of days during the year in which the property is rented at a fair rental)

https://www.journalofaccountancy.com/issues/2019/aug/qbi-deduction-for-rental-real-estate.html