AmyC
Expert Alumni

Get your taxes done using TurboTax

So I am assuming you rent out part of your home and percentage changed from 66% to 50%. In the program you need to go 2 places:

1. go back through the Property Profile. 

  1. continue through to the screen where you marked that you rent part of your home. 
  2. The next screen asks a key question. Let Us Calculate Your Expense Deductions for You. 
  3. If you choose the top option, you get a dropdown box to enter the percentage. Then you will enter full expenses into the program and it will take the 50% for you.
  4. The bottom option does not give you the dropdown and you should enter half of your expenses.

2. Go to Assets / Depreciation

  1. Go to your asset summary
  2. Edit your house
  3. continue, continue, continue
  4. Change your percentage for 2022 use to 50%

@wuderak 

 

 

 

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