I rented my vacation home for 70 days in 2019 and used it 50 days for personal use. When calculating the deduction for HOA and POA fees, do I deducted 56% (%rental use of total use 126 days) or 19% (...
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I rented my vacation home for 70 days in 2019 and used it 50 days for personal use. When calculating the deduction for HOA and POA fees, do I deducted 56% (%rental use of total use 126 days) or 19% (% of rental use for the calendar year,365 days)?
posted
January 25, 20208:52 AM
last updated
January 25, 20208:52 AM
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I rented my vacation home for 70 days in 2019 and used it 50 days for personal use. When calculating the deduction for HOA and POA fees, do I deducted 56% (%rental use of total use 126 days) or 19% (% of rental use for the calendar year,365 days)?
You generally divide your total expenses between the rental use and the personal use based on the number of days used for each purpose.