Investors & landlords

Colleen -  Thank you - that is great.  In doing a little research it looks like I will keep track of my mortgage interest, taxes, insurance and other expenses and prorate all for the number of days I rent it out as you mentioned.  I guess Turbo Tax can handle all of that for me?  

 

I want to put in new flooring, paint, etc. - my research seems to indicate these would be improvements that I would need to depreciate over time.  Could Turbo Tax also  help me with that?   

 

Thanks so much for your quick and great first response!