bentley311
Returning Member

Cannot figure out how TurboTax is allocating expenses for new Airbnb rental

Hello,

 

We started renting out a portion of our home/property on Airbnb in August of 2021. When on the "Tell us about your situation this year" screen, it is not clear what to select. I have selected "First year rented" and "Rented part of your home" but I am not sure if I also need to select "Converted home to rental or rental to home." The larger issue is that the software does not seem to ever ask what the size of the rental space is relative to the rest of the home so I cannot figure out how it is allocating expenses. Is there a bug in the software because I keep finding indications in prior versions of this being something to be prompted for, much like the home office?