For an Owner-Occupied Rental, TurboTax allocates rental expenses based on the percentage of rental use, not the number of rental days. Also, for a property that is converted from personal to rental use, you need to enter only that portion of shared expenses (like mortgage interest and property taxes) that apply to the period when the property was used as a rental.
Also confirm that you have chosen the correct answers to these profile questions:
- Multi-family rental
- First year it was rented
- Rent out a unit in a multi-unit property
- Converted this from personal to rental use
- Not rented all year; 92 days rented; 0 personal days
- Let TurboTax do the math
- Rental use Percentage based on square footage
- Active participant
When you enter the allocated portion of shared expenses, the personal portion should flow to Schedule A. Be sure to enter the non-rental portion of any eligible itemized deductions separately under Deductions & Credits.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
