turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

House converted to rental mid-year. TT calculated 53.42% business use. Subsequent years, house rented 100%. Why TT not calculating 100% business use in subsequent years?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

House converted to rental mid-year. TT calculated 53.42% business use. Subsequent years, house rented 100%. Why TT not calculating 100% business use in subsequent years?

Unfortunately, and due to the way in which the question was written, 53.42% was not the correct answer when the rental was set up.  The correct question should have been - after the property was converted to business use, how much of it was used for business - with the correct answer of 100%.

If this was a recent error, I suggest amending your return for the year(s) in question.

View solution in original post

1 Reply

House converted to rental mid-year. TT calculated 53.42% business use. Subsequent years, house rented 100%. Why TT not calculating 100% business use in subsequent years?

Unfortunately, and due to the way in which the question was written, 53.42% was not the correct answer when the rental was set up.  The correct question should have been - after the property was converted to business use, how much of it was used for business - with the correct answer of 100%.

If this was a recent error, I suggest amending your return for the year(s) in question.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question