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Investors & landlords
so does Turbotax do that for you? For depreciation you have to input the percentage of time used for a business. So it's doing that math for you. But the other expenses I would have to do that math and only input (in my case) 80% of my actual expenses correct? I also read that if I use it for personal use for more than 14 days a year and rent it more than 15 days that my allowable deductions is limited to my gains. Is that correct? In my case I have a net loss than I would have a $0 on my K-1. But turbotax put down a large loss on my K-1. thanks for your time.
‎February 23, 2021
2:07 PM