turbotax icon
turbotax icon
turbotax icon
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.

deblanier
New Member

I own a duplex & live on one side. 1/1/16 my daughter & family moved in on the other side. I don't charge them rent. How do I report the other side or do I?

I have one depreciation item (a fence).  I started a new TT file and did not mention the duplex or did I split any of the expenses like I did in the past (i.e. taxes, insurance, maintenance, etc).

I'm not sure the proper way to file this?  Using my old tt, but not have any income, show the fence, and not split the taxes, insurance, etc?  Or should I just start a new file and not mention the other side at all?  

Connect with an expert
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
bwa
Alumni
Alumni

I own a duplex & live on one side. 1/1/16 my daughter & family moved in on the other side. I don't charge them rent. How do I report the other side or do I?

If you are merely providing 1/2 to a family member rent free you don't report it.  Interest and real estate taxes for both sides would be reported on your schedule A.  If previously reported as rental, make sure you identify the rental as discontinued as items such as fence depreciation would no longer be deductible.

View solution in original post

1 Reply
bwa
Alumni
Alumni

I own a duplex & live on one side. 1/1/16 my daughter & family moved in on the other side. I don't charge them rent. How do I report the other side or do I?

If you are merely providing 1/2 to a family member rent free you don't report it.  Interest and real estate taxes for both sides would be reported on your schedule A.  If previously reported as rental, make sure you identify the rental as discontinued as items such as fence depreciation would no longer be deductible.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies