I am trying to complete Schedule E and can't determine if I should put down that I live in the one of the units on the property. There are 2 structures on the property, one house (where I live) in the front, and one building with 3 rental units in the back. So, there are 4 homes all together and each have their own street number. I have always lived in the front house, but when it was purchased, it was rented out. I only rent out the 3 units in the back building. In the past, I used a tax preparer, but this year I am using TurboTax. Looks like he expensed 100% of things like the property tax on Schedule E. I feel that expenses like this, including his fee for preparation, should have only bee expensed for 75%. In TurboTax on Schedule E, if I check the box saying I live on the property and that I rent out 75%, I will be reporting more accurate information and showing I am only taking 75% as expenses. I would appreciate if someone could confirm that this is the correct way to report expenses on Schedule E. Thanks!
