I rented out my house for 91 days for 2016 & used it as my main home the other 275 days. Can I file schedule e for rental expenses & schedule a for remaining expenses?

michaelbonhage · ‎June 4, 2019

If so can turbo tax calculate the amount of the expenses for the schedule e and for the schedule a?

PaulaM · ‎June 4, 2019

Yes, you can claim expenses for both the rental and the personal deduction for their proportionate share.

When you convert your home from personal to rental use, you will need to allocate the interest/property taxes for each section.

Ex: Lived in home for 9 months and rental for 3 months. Allocate 75% of interest/property taxes as a personal deduction and 25% as a rental deduction. Navigate to each section to enter their proportionate share.

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

View solution in original post

PaulaM · ‎June 4, 2019

Yes, you can claim expenses for both the rental and the personal deduction for their proportionate share.

When you convert your home from personal to rental use, you will need to allocate the interest/property taxes for each section.

Ex: Lived in home for 9 months and rental for 3 months. Allocate 75% of interest/property taxes as a personal deduction and 25% as a rental deduction. Navigate to each section to enter their proportionate share.

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

Expert does your taxes

Do it yourself

Resources

Support

I rented out my house for 91 days for 2016 & used it as my main home the other 275 days. Can I file schedule e for rental expenses & schedule a for remaining expenses?