Investors & landlords


@Critter-3 wrote:

Since this is a vacation home rental you will enter the # of days actually rented and the # of days personally used.  


Yes, technically correct but TurboTax really makes a mess of the vacation rental scenario.

 

For example, if you enter 30 personal use days and 30 days rented, it will split expenses that should not necessarily be split as a result of the manner in which it is programmed; it will allocate a total of $500 for cleaning expenses after renters depart as only $250 deductible on Schedule E (the other $250 is allocated to personal use). 

 

In order to get the expenses correct, it appears as if you have to do the prorating manually.