You have two ways to enter this into TurboTax and they will both get you the same answer so either is fine. You can figure out all of the math before you enter it and get the 38% of all of the expenses that are for the whole house and enter those amounts into the system. You can also enter 100% of any direct expenses - the ones that don't have any bearing on what percentage of the house is rented - and then you're all set. You'll have entered it as though it were a stand-alone property.
Or you can enter the property as a percentage of ownership. Let the TurboTax system know that you rent out 38% of your personal residence and then you will enter 100% of all of the indirect expenses that you have that are for the whole house and TurboTax will do the math for you. It will also give you a space later to enter any expenses that are directly for the rental.
This stores that information for you and lets you roll it forward each year and means that you have fewer calculations to do on your own. It will also make the calculations if you sell the home later a little easier.
@LDS60
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