Hello,
I owned a short-term rental property at the beginning of 2022 but sold it on 6/30/2022; so I owned it for 180 days in 2022.
Per the Turbo Tax screenshot, I am trying to determine and confirm the correct number of days rented to report for the rental property based on the following:
Am I correct in thinking that the "days rented at a fair rental price" number would be 119 days?
That is, 104 actual days rented + 15 available days to rent?
Thanks in advance!
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Am I correct in thinking that the "days rented at a fair rental price" number would be 119 days?
No. Days rented would be 104 and days of personal use would be 2.
The vacant days really don't affect anything, provided the property was classified as a rental for those vacant days.
No. The days rented at a fair rental price are the days it is actually rented. It does not count the days it was vacant but available for rent. So if you only had it rented for 104 days, then you would enter 104 days there.
Thanks for confirming
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