TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

Rental

Forum|Forum|2 years ago
January 31, 2024
1 reply
22 views

Can I depreciate condo for whole year though rented only 3 months but "for rent" entire year? Condo in another state so travel to condo to fix and improve. Personal use?

Level 15

You can take depreciation deductions if your condo was available for rental use.

Did you have any personal use of the property? Days spent on the property for the purpose of repairs and maintenance are not counted as days of personal use.

PRGearup1Author

Level 2

I spent a week or so each time but was fixing and improving. My first listing went thru Aug, then while evaluating who to list with I finally listed thru Zillow in Dec. Will that still be considered "trying to rent out entire year"

Level 15

Yes. As long as it was available to rent, and while repairing you were marketing it as well. It would be considered a rental all year if there was no personal use.

Publication 527

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"