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Yes, you will need to prorate the amounts based on the days of personal use versus days of rental use, and TurboTax should be able to calculate and allocate the portion to your rental business. However, rental expenses can be deducted on Schedule C depends on several conditions.
See the helpful Super User answer below.
Yes, you will need to prorate the amounts based on the days of personal use versus days of rental use, and TurboTax should be able to calculate and allocate the portion to your rental business. However, rental expenses can be deducted on Schedule C depends on several conditions.
See the helpful Super User answer below.
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