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When I rented my home only part of the year, how do I show rental-only expenses versus shared year-round expenses in Turbotax Desktop?
I rented my place with Airbnb 49 out of 365 days in 2023.
In Turbotax Desktop, how do I distinguish rental-only expenses such as:
- - A cleaning service to clean between and after short-term rentals.
- - Supplies for gift basket
- Cleaning supplies solely for the rental
- - Repairs directly due to guest damage
- - Replacement directly due to guest damage or theft
- - Utilities only during guest rentals ( or do I say 49/365 of the total utilities for the year?)
How do I distinguish shared Guest AND homeowner expenses such as:
- - General repairs
- - Homeowners association
- - Legal for the property, not necessarily rental.
- - Cleaning supplies shared for the year
Turbotax 2023 Desktop gives me these categories, and I cannot tell which of them are prorated. Or how to indicate proration within the categories.
- Advertising
- Supply
- Utility
- Maintenance
- Repair
- Management
- Legal
‎December 5, 2024
2:32 PM