I started renting out a part (~1/3) of my house this year, and I chose TurboTax Premier because I know this option can handle rentals. However, I've run into two problems.
1) It is not clear if I should enter 100% of my home expenses (e.g $99 for utilities) under the rental expenses or 1/3 of my home expenses (e.g., $33 for utilities) - as that would be the amount used by the rented section of my house. I don't see any instructions - and it never asks me what percentage of my house is being rented. However, I can tell that it is doing some sort of calculation (maybe based on the number of days rented?) to the number that I'm entering (currently 100% of my home expenses). What is the correct thing to do in the Premier version?
2) For the rental expenses, there seems to be a glitch in the software. If I enter in "mortgage interest" - the data I've entered for other categories - e.g., utilities, supplies, etc., disappear from the summary page and it tells me "not started". Similarly, if I take out the value for "mortgage interest" - I can now enter all the other types of expenses. What is going on - is there a reason for this, or is a problem with the software?
Thank you so much for your help.
