Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

35
Posts
8
Votes
Robert Kohnfelder
  • Rental Property Investor
  • Pittsburgh, PA
8
Votes |
35
Posts

Confused by Tax Return - moved from owner/occupied Multi to SFH

Robert Kohnfelder
  • Rental Property Investor
  • Pittsburgh, PA
Posted

Last year's online tax return (turbo tax) was fairly simple from what I recall, as I had no major confusion selecting that I lived in the property and also rented it out. This time around, I can't find a clear-cut choice to select when describing the rental property I no longer live in. I lived in it for about half of 2019, but did not end the year living there. I tried using TurboTax again as well as H&R Block this year, and I've run into the same roadblock on both sites. My options are basically as follows:

  • -It's a spare room I rent out in my home.
  • -It's multi-family housing and I live in one unit.
  • -It's property that changed from being my main home to a rental in 2019.
  • -It's rental property I (or my family) used personally for one or more days in 2019.

The third option makes the most sense, but then it goes on to ask how many days I used the property for "Personal Use", which doesn't seem quite right to me (but as a tax novice, I could be totally wrong here). Is this a correct option? Should I go get my taxes done by a pro? I'm really just looking to do this the right way, but would like to learn for myself and for the future -- even if it means sitting down with a pro this year.

Any advice/opinion is much appreciated. Thanks!

Loading replies...