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Homeshare: Assigning appropriate proporation of expenses

I shared 1/2 of my house for 1/3 (4 months) of the year. 

 

How do I calculate what fraction of expenses (property taxes/insurance/utilities/maintenance/supplies) I may deduct? My inclination is 1/2 * 1/3 * total annual expense, but would like to clarify.

 

Many thanks!

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1 Best answer

Accepted Solutions
PatriciaV
Employee Tax Expert

Homeshare: Assigning appropriate proporation of expenses

Yes, you are correct. Half your property rented for four months would essentially be 1/6 of your expenses.

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2 Replies
PatriciaV
Employee Tax Expert

Homeshare: Assigning appropriate proporation of expenses

Yes, you are correct. Half your property rented for four months would essentially be 1/6 of your expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Homeshare: Assigning appropriate proporation of expenses

Many thanks!

 

 

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