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Rented out a room for 1/2 year and the whole house for the 2nd half of the year. How to calculate tax?
I rented a room in my primary residence for the first half of the year. Then, rented out the whole house for the 2nd half of the year. I assume I have to calculate the portion of taxes, insurance, and interest accordingly as TurboTax will not be able to do so. Am I correct? How about depreciation? How do I know how much and how to enter in TurboTax?
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‎January 20, 2024
9:29 AM