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April 14, 2025
Question

Should I enter 366 days, because 2024 is leap year on Form 1040 Schedule E Part 1: 2 Fair Rental Days?

  • April 14, 2025
  • 1 reply
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Since 366 days is the total amount of Fair Rental Days there are in normally 365 days in a year, however 2024 was a leap year.

    1 reply

    April 14, 2025

    If the property was rented the entire year, you can select that the property was always rented at a fair rental price.  You do not need to add the days if you select that it was always rented at a fair rental price.  You only need to enter that if you did not do it for the entire year.  In that case you would not enter 366 because it wasn't for the entire year. 



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