MinhT1
Expert Alumni

Investors & landlords

For the other expenses such as utilities, you'll have to do the calculations and enter the rental use portion.

 

As you use the dwelling as a residence more than the greater of 14 days and 10% of the time you rented it to others at fair market value, then you are considered as using the dwelling as a residence, and you cannot deduct more than the gross rent. Any excess can be used in the year you have excess income or when you sell the property.

 

 

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