PaulaM
Employee Tax Expert

Investors & landlords

To enter in TurboTax enter under the Property Profile indicate that you rented a part of your home on the page, Do Any of These Situations Apply to This Property? 

If you rented a part of your home and it was rented for the entire year, then TurboTax will calculate the rental/personal share.

If you rented part of your home and it was not rented for the entire year (you entered days rented and personal use), then you will need to allocated expenses between the rental and personal portion. Square footage is a common way to allocate. Ex: Room is 200 sq.ft/2000 sq.ft home = 10% of expenses allocated to the rental side.

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