My Schedule E worksheet, line 18.c , shows depreciation carryover of $1033 (column (a)). But this amount is reported in column (d) instead of (c). I don't know why.

Forum|Forum|3 years ago
January 1, 2023
1 reply
0 views

No text available

TurboTax Online

Anonymous_

Employee

Is this a vacation rental (i.e., has personal use)?

thluong85Author

Hi, this was my primary residence. I turned it to long term rental since 2020 (100% used for rental since then). When I first added the house, I put in the date when it was placed into service and % used for business. I thought during that year I used the house for personal use prior to using it for rental so the % for business use is equal to months of renting/12 months. Was it correct ?

DoninGA

Employee

No, that was not correct. The question refers to using the property after it was placed in service as rental for personal use. If you did NOT use the property for personal used after it was placed in service as a rental you should have indicated 100% for business use.