- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does turbotax do the math for expenses, if I rented a home for part of the year
I started renting out my home mid May last year and made that clear by putting Days Rented as the right number of days (226). I marked personal use days as 0 as we were living there longer than a year before that.
When I enter expenses, it seems like Turbotax isn't automatically doing the math to only deduct (226/365) of the mortgage interest for example. Is it on me to do this math myself? I can, but just want to make sure.
It does seem like it does the math for depreciation though because I specified the date I started using it as a business 100% of the time.
It's a bit odd it isn't doing the math for other expenses but I wanted to confirm.
March 29, 2024
7:26 PM