Hi!
I wanted to clarify about choosing the percentage. I think my rental percentage is 50% because I am a live-in landlord for 2 br 2ba and my renter gets 1bed1ba to themselves as well as access to all common areas.
Is this a correct assessment?
I originally thought I had to use square footage but turbotax says bedroom is acceptable, I think.
From Turbotax:
"You can use any reasonable method to determine the percent of your home being rented. Most commonly, you can base it on the number of rooms rented to total rooms, or based on the square footage of the rental space compared with total square footage. You could also base it on the number of people in the rented portion compared to the non-rented portion."
