Carl,
I assumed the online turbotax tool would calculate this for me if I entered the full annual tax and insurance amount. Does this mean that for the tax and insurance expense, that I should calculate the prorated amount for the schedule E based on the time it was rented? And is this ratio based on the "in service" date or the "date it was rented" For example, if it was in-service for 100 of the 365 days per year (or 27.4% of the year), and my insurance expense was $1000, then I would report $274 on the schedule E insurance in TurboTax?
Thank you,
Jason
