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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.
- continue through to the screen where you marked that you rent part of your home.
- The next screen asks a key question. Let Us Calculate Your Expense Deductions for You.
- 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.
- The bottom option does not give you the dropdown and you should enter half of your expenses.
2. Go to Assets / Depreciation
- Go to your asset summary
- Edit your house
- continue, continue, continue
- Change your percentage for 2022 use to 50%
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ā€ˇFebruary 8, 2023
11:45 AM