How to I make this situation report properly in Turbo Deluxe?
- In 2024 I rented 1/2 of my house while I lived on the premises
- It was available for rent all 12 months, but I only rented for 7 months
Questions:
If I enter 210 days for "Days Rented at Fair Market Price", I can only enter a max of 155 days for "Personal Use During the Year" , which doesn't seem accurate. What should I enter?
I understand that I can deduct 1/2 of expenses--do I have to calculate and enter these amounts manually to the Schedule C, or is there a place to describe the rental space as 50% and let Turbo sort it?
Thank you!
