apdickinson
Returning Member

Rented my home for 45 days (used it 319). Turbo tax will ratio expenses. However, I have some which are dedicated to the rental (like VRBO adveristing) which should not be ratiod. How do I enter these in the turbotax program so they are fully applied?

I have rented my home for 45 days and used it for 319 days.

 

I'm familiar with the rents and royalty section since I also have a couple investment properties.

 

I understand the quicken program will do the pro-rata calculation to carve up my expenses based of the days rented and the days used myself (Utilities, tax, repairs etc).   However, in renting the home I have some expense which is dedicated just to the rental.   For example, I pay $499 to VRBO to list our home on their platform as an advertising expense.  Similarly, we are in an HOA which requires a guest rental fee of $500.  How do I enter these in the program so that these unique fees are applied against the rental income and NOT allocated between rental and pers use... since there is no personal use.   Thanks, Al