DaveF1006
Expert Alumni

Investors & landlords

     Here is how it works: When you begin the rental section in your return,:

       

       1) in the interview, you will reach a screen that asks, "Do any of These Situations apply to This Property?"

 

       2) Select I rent out part of my home.That will create the correct path for you.  

 

       3) Yes to let Turbotax calculate the expenses for you

 

       4) Next screen "enter use percentage" this where the  % goes for Turbotax to do the calculation.

 

       5) Enter rental use percentage

 

Once this done, you will enter expenses for the entire house and Turbo Tax will automatically determine the expenses for the rented portion

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