You'll need to sign in or create an account to connect with an expert.
You would enter the expenses while your residence was your home separately from the period when it was available for rent, so partial expenses would be entered for the rental period.
You would divide yearly expenses, such as taxes and insurance, between rental use and personal use.
You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes, on Schedule E.
You would enter the expenses while your residence was your home separately from the period when it was available for rent, so partial expenses would be entered for the rental period.
You would divide yearly expenses, such as taxes and insurance, between rental use and personal use.
You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes, on Schedule E.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
shiyi11
Level 2
Fuzzy Red Baron
Returning Member
bkisthetruth
New Member
iamramiro
New Member
ccacioppo
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.