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Investors & landlords
You can prorate the expenses and areas of the house as you see fit, just document how you are arriving at the amounts you put on your tax return. Keep the calculations for your records.
Keep in mind TurboTax allocates expenses according to rental days. So if you rented all year, you would enter in for utilities the amount you allocate to rental expenses.
‎June 1, 2019
8:10 AM