RobertB4444
Expert Alumni

Get your taxes done using TurboTax

Renting out part of your main home is the same as renting out any house and it goes on a schedule E.  

 

Go to the 'Wages and Income' section of your federal tax return.  Scroll down to 'Rental Properties and Royalties' and click start.  The system will walk you through it all.

 

The only thing that you have to figure out before you get started is what percentage of your house you rent out.  You need the square footage of the whole house and then the square footage of the area that you rent out.  That will give you the percentage of the house that is for rent and let you deduct the percentage of the bills for that section of the house.

 

@cjsaper 

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