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Air B&B Rental of Part of Home, Direct Rental Expenses
Because of how TurboTax works with rental expenses, it appears impossible to enter direct expenses (improvements to only the part of the house that is rented out, furnishings for only that part of the house, amenities for guests like soaps, etc.) It seems like I enter those amounts and the program prorates them according to the amount of my house that's being rented out (40%) and the amount of time it was rented out last year (7 months). It's really important to be able to enter the whole-house expenses separately from the rental-only expenses, but I cannot seem to control how it manages that.
Help?!
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‎June 1, 2019
8:39 AM