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April 7, 2025
Question

I have rental that I rented for six months of the last year. However, I have expenses that 100% apply to the time that the unit was rented. turbotax is cutting these down

  • April 7, 2025
  • 1 reply
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1) I don't understand the percentages. They are not based on the percentage of days I have rented the property for most items. 2) I can't figure out how to make sure that expenses incurred during the time I rented the space are marked in full as expenses.

    1 reply

    April 8, 2025

    If this rental was converted from your personal residence to a rental or vice versa, be sure that you have not entered any personal use days as part of the Property Profile information.  Personal use is only counted if you use the property while it is considered to be a rental property.

     

    If that does not fix the issue with reducing your expenses, be sure that all of your entries in the Property Info or Property Profile section are accurate.  This is usually where information is captured that causes expenses to be prorated.

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