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I rented my home for half the year. Turbotax divided my repairs and maintenance in half improperly. It should only divide eg taxes and insurance in half, correct?

This was my first year renting my home, and it started exactly mid-year. So when I enter the amounts, Turbotax correctly divides the insurance, taxes, interest in half--this makes sense. But it is -also- dividing the repairs, maintenance, and supplies I purchased during the rental in half. This is improper--those are entirely related to the rented period and should be counted 100%. How to correct this other than overriding the shedule E manually, and actually, how do I even do that in turbotax online?
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Accepted Solutions
PatriciaV
Employee Tax Expert

I rented my home for half the year. Turbotax divided my repairs and maintenance in half improperly. It should only divide eg taxes and insurance in half, correct?

Shared expenses will be pro-rated based on the number of rental days. Expenses that are specific to the rented portion of your home should be entered on the page titled "Any Miscellaneous Expenses?". Entries made on this page will not be allocated. 

 

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1 Reply
PatriciaV
Employee Tax Expert

I rented my home for half the year. Turbotax divided my repairs and maintenance in half improperly. It should only divide eg taxes and insurance in half, correct?

Shared expenses will be pro-rated based on the number of rental days. Expenses that are specific to the rented portion of your home should be entered on the page titled "Any Miscellaneous Expenses?". Entries made on this page will not be allocated. 

 

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