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Incorrect calculation for expenses that occurred during rental period
I have a property that I started renting part way through 2023. It was my primary residence before that.
I have expenses that happened entirely while it was being rented. e.g. I got the gutters cleaned for the tenant.
The problem is tax Turbotax is pro-rating the expense based on the number of days it was rented. e.g. if I paid $200, it's only counting it as a $100 expense (not exactly, this is an illustration), based on the ration of days rented over the whole year.
This seems completely wrong. Is it a known issue? How can I make it treat the entire amount as a deductible expense?
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‎February 19, 2024
7:46 AM