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Rental property personal use allocations....
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nancy2
Level 5
03-07-2024
12:05 PM
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Since the program calculates depreciation, how do you allocate the personal use of that? Do you override the number the program calculates?
Thank you
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2 Comments 2
Just-Lisa-Now-
Level 15
03-07-2024
12:17 PM
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You may need to explain your situation more...is this a vacation rental that has personal use while its a rental?
Did you complete the personal use days at the top of the Sch E worksheet?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
nancy2
Level 5
03-07-2024
02:02 PM
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Thank you for your reply. Sorry I wasn't thorough.
Yes, it is a vacation rental. I do complete the total rentals nights and personal use days. That doesn't appear to do anything in the calculations on the return. Unless there is something I am missing on that input.
