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April 30, 2024
Question

How can I indicate my total expenses, personal portion, and rental portion on the T776 form?

  • April 30, 2024
  • 1 reply
  • 0 views

On line

    1 reply

    TurboTaxSusan
    April 30, 2024

    In TurboTax Online, include only the rental expense portion, do not include any personal portion of these expenses.

     

    April 30, 2024

    Yes, but WHERE do I enter the personal portions?  That is what I can't find.  A regular T776 has a Part 4, line 9949 where one enters such expenses. Where is the equivalent on Turbo Tax Self Employed on-line?

    TurboTaxSusan
    April 30, 2024

    There is no place to enter the personal portion in TurboTax Online, you just enter the rental amount, which is the only portion that you can claim as an expense. In TurboTax CD/Download, it asks for Total amount & personal % similar to the T776 form, but then it just uses the personal % to calculate the rental amount, which is the amount that gets used.