If a house is not rented out all year, vacant the entire year, and listed for sale, does it count as a rental or a second home?

[ThomasM125]

Yes, you are correct, no depreciation deducted in the years the property is not rented.

@ZoeCalifornia

[itsharis85]

I converted a primary residence to a rental property. It was a primary residence for 304 days and a rental for 61 days (rented the last two months of the year). The cost basis is $494,865 so as I understand it, the depreciation for the last year, should be $2,249.39 that I can deduct for the last year, however, turbotax calculates this at $376. It's taking the ~2250 amount and dividing by the amount of time it was used as a rental. But this means that it's doing this twice. 

The only way I can fix this is if I say that it was rented for the full year, in the about the property questions. Please help or explain to me if there are a different set of rules that apply in this situation, can't seem to get help on the phone.

[DawnC]

Don't count any days before it became a rental.   The rental property doesn't start until around Nov1.    In the rental property section, you should have 61 days as a rental and 0 zero days for personal use - the rental property section should only have information regarding the property for the time it was a rental - don't include any details there about the property for the first 304 days of the year.    @itsharis85

[itsharis85]

OMG thank you so much I don't know how I missed that.