![]() ![]() I'll put that in words so there's no doubt I didn't make a typo here. I seriously doubt (though it is possible) that you lived in the house (or space, if renting a part of your home) as your primary residence, 2nd home, or any other personal use reasons after you converted it to a rental.īusiness Use Percentage. It's asking for the number of days *YOU* lived in the property AFTER you converted it to a rental. Please see IRS Publication927 page 17 at Read the “Example” in the third column.ĭays of Personal Use - This number will be a big fat ZERO. ![]() Vacant periods between renters do not count for actual days rented. That would be your "in service" date or after if you were asked for that. Number of days Rented - the day count for this starts from the first day a renter was contracted to move in, and/or "could" have moved in. Usually, this date is the day you put the FOR RENT sign in the front yard. ![]() In Service Date - This is the date a renter "could" have moved in. Rental Property Dates & Numbers That Matter.ĭate of Conversion - If this was your primary residence or 2 nd home before, then this date is the day AFTER you moved out, or the date you decided to lease the property – whichever is later. Generally, your renovations would be improvements. Know the difference between an expense, and a property improvement. ![]()
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