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Did I find a LOGICAL bug? Expenses that are directly related to renting my condo apt. are fully-deductible yet Turbo Tax deducts only 1/6th based on 2 months' of rental.

I lived in my condo for 10 months then rented it for 2 months. I had about $1,200 in expenses directly related to the rental yet Turbo Tax is deducting only 1/6th of the total. I'm entitled to a deduction of the FULL amount. Is there a bug in Turbo Tax or is this User Error?
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Accepted Solutions
AmeliesUncle
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Did I find a LOGICAL bug? Expenses that are directly related to renting my condo apt. are fully-deductible yet Turbo Tax deducts only 1/6th based on 2 months' of rental.

Look for the screens that asks for the number of days it was rented and the number of personal days.  If you read it carefully, you'll see you should only enter personal days AFTER it was converted to a rental.  

 

That means if it was converted to 100% rental, you'll enter ZERO personal days.

That also means you'll need to manually prorate all expenses, such as mortgage interest, real estate tax, insurance, etc. and only enter the prorated amount for the rental period.

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2 Replies
AmeliesUncle
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Did I find a LOGICAL bug? Expenses that are directly related to renting my condo apt. are fully-deductible yet Turbo Tax deducts only 1/6th based on 2 months' of rental.

Look for the screens that asks for the number of days it was rented and the number of personal days.  If you read it carefully, you'll see you should only enter personal days AFTER it was converted to a rental.  

 

That means if it was converted to 100% rental, you'll enter ZERO personal days.

That also means you'll need to manually prorate all expenses, such as mortgage interest, real estate tax, insurance, etc. and only enter the prorated amount for the rental period.

Did I find a LOGICAL bug? Expenses that are directly related to renting my condo apt. are fully-deductible yet Turbo Tax deducts only 1/6th based on 2 months' of rental.

oh, wow ... thanks so much, Uncle ... I'll take a closer look ... rock on

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