It depends. See the 'not for profit' information below about depreciation. The square feet of space rented divided by the total square feet of the property is the allowed percentage of all expenses paid for the entire property. This would include utilities, insurance, taxes as example.
Note: For a period less than one year, you would divide the total by 12 then multiply by the number of months of rental. The percentage will be different during periods where two people are renting a room and when only one person is renting a room (square feet of two rooms or one room depending on how many tenants in a single period/month).
Be sure to answer the questions when you start the rental entries so that TurboTax knows to limit the expenses.
If you own the property and it is not rented for profit here are the rules.
If you do not rent your property to make a profit, you can deduct your rental expenses only up to the amount of your rental income. You cannot deduct a loss or carry forward to the next year any rental expenses that are more than your rental income for the year.
If you never depreciated the property due to the intent of not for profit during any and all rents, then there is nothing to recapture when you sell your home.
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