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Rental income and expenses
At what point does Turbotax allocate the percentage of expenses for property rentals? I am entering all my expenses (and my property rental is 20% of my property, meaning only 20% of the expenses should be taken). Turbo tax does not allocate and leaves me with the entire expense, which inflates my deductions to 100% instead of the 20% needed. Has anyone else noticed this problem? At this point I will enter the allocated amounts myself.
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‎June 7, 2019
3:54 PM