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Get your taxes done using TurboTax
Hi Kathryn. Thank you for the prompt response. I am familiar with the IRS methods to calculate the tax and interest deduction, I am just not sure what the tool is doing with the numbers. I deleted the rental section of the tax return and did it from scratch. I chose the Option “I am renting part of my home”, but was never asked what portion of my home is being rented out. How can the tool prorate taxes and interest correctly without this information? Or is the TurboTax expectation that I input a prorate number to account for the % of rented space and the tool does the math on the days rented during the year? It is not clear in the instructions. Thank you!
April 6, 2020
1:10 PM