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Hello! I rented out a room in my home to a family member at a below market rate while living in the home all year. I would like to add this rental income to my taxes. I am filling out Schedule E for this and have questions about the Days of Personal Use vs Days Rented to Others. The tenant and my wife and I lived in the…
I have a multifamily home with 3 units. I live in one unit and the other 2 are rentals that had been rented out prior to 2023. In 2023 I did not rent the units out or advertise them. I do intend to rent the units out again, but would like to do some more work such as having the driveway repaved first. Can I deduct expenses…
I converted a rental to my primary residence and I'm carrying (for several years) disallowed deprecation losses. How can I get the application to add the correct forms? I expect a Schedule E with no rental activity and an 8582 for the loss carryover, but the application won't accept Schedule E input of zero days rental…
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