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When you enter the rental property answer the appropriate questions on the situation page. Make the selection that it was converted from personal use to business use, also that 2016 is the first year it was rented.
The date available will be the first day you held it out as open for rent regardless of when a tenant began to rent it out. TurboTax will ask you the days rented and personal days and provide direction to enter your expenses for the rental and the personal periods. For mortgage interest and property taxes you can prorate for the number of months for each period.
When you enter the rental property answer the appropriate questions on the situation page. Make the selection that it was converted from personal use to business use, also that 2016 is the first year it was rented.
The date available will be the first day you held it out as open for rent regardless of when a tenant began to rent it out. TurboTax will ask you the days rented and personal days and provide direction to enter your expenses for the rental and the personal periods. For mortgage interest and property taxes you can prorate for the number of months for each period.
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