TurboTax Schedule E - Days rented at fair rental value

[Sam Leon]

Can someone explain how that number is used?

The way it was worded:

Days rented at fair rental value _____ Days of personal use _____

seems to suggest it was intended to distribute between personal use and business use.

If I have a rental unit that's occupied by a tenant for 300 days and vacant and available for rent for 65 days do I put 365 in the "Days rented at fair rental value" or 300?

Thanks in advance.

I need a beer after a tax preparation weekend.

[Jon Holdman]

You really need a CPA or EA to do your rental taxes.

I think you're looking at the section that deals with a rental that you use at least sometimes as a personal unit. This is usually a vacation rental where you use it sometimes, too. I don't recall the details, but I recall there's a 14 day threshold. If you use it less than 14 days a year, its just a rental. More than that and there are restrictions on (IIRC) depreciation.

Is this a vacation rental? What was going on those other 65 days? Thats a lot of vacancy for a regular rental.