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Level 5
June 3, 2019
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Used rental property for personal use for several months between tenants, do I adjust the depreciation to account for this?

  • June 3, 2019
  • 1 reply
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The depreciation will be adjusted by the business use percentage computed when you enter the number of rental days and personal use days of the property. 

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Answer
June 3, 2019
The depreciation will be adjusted by the business use percentage computed when you enter the number of rental days and personal use days of the property. 
ipc1Author
Level 5
June 3, 2019
TurboTaxJulieR,

The number of personal use days was 85, so is the business percentage calculated using (365-85)/365 which is entered as 76.71%?