- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
When I calculate depreciation for my home because I'm renting out only a percentage, should that percentage be factored into the calculation as is the % of time rented?
I just did the depreciation section for my house because I'm renting out about 35% of the space (basement). I've also only rented it out for 75% of the year, and TurboTax factored that in e.g.: the 10K deprecation amount was reduced to 7500 for example.
However, I do not see a way to factor in the amount of space rented out without doing some math myself and playing around with other fields.
Should I even be doing this? Or what TurboTax is doing correct and the percentage of space rented not matter?
However, I do not see a way to factor in the amount of space rented out without doing some math myself and playing around with other fields.
Should I even be doing this? Or what TurboTax is doing correct and the percentage of space rented not matter?
Topics:
‎April 15, 2021
11:33 PM