I bought a house in 7/18 and started renting it in 8/18. Do I split rental expenses like mortgage interest and property taxes, or will TurboTax do it based on dates?

[SherylSTaxExpert · Accepted solution]

Turbotax will do it based on dates. You will have to enter the dates it was a personal residence vs a rental property.

To do this:  

1. Log into TurboTax

2. Click "Take Me To My Return"

3. Click "Wages and Income "

4. Scroll down to rental income

You will then be prompted to enter information about your property. The next set of questions will ask about the conversion and your expenses will be prorated.

[douglassbyers]

I entered the days my property was a rental and the date of purchase.  So all expenses I entered such as Property tax, Insurance, Mortgage Interest will all be prorated by Turbo Tax?