Fair rented days - how to calculate!

[ibensi01]

Hi there -

I have a property that I converted to a rental at the beginning of the year:

• Lived in the property: Jan and Feb (59 days)
• Converted to a rental/made available for rent: Beginning Mar 1
• Got a tenant/received rent: Beginning Apr 1 (through end of year)

I know personal use days is 0, since I did not use the property after it was available for rent. But what do I put for Fair rented days? 275 days (beginning Apr 1) or 306 days (beginning Mar 1)?

Thanks so much for your help!

[MinhT1 · Accepted solution]

You count the days since the property was available for rent., i.e. from March 1.

[ibensi01]

Just to verify, this would be the date (March 1) where I begin deducting expenses like mortgage interest and property taxes?

[DawnC]

Yes, March 1 - the date it was available to rent.