311092
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.

amitc
Returning Member

If i rent 2nd floor apt in a multiunit property & live on the 1st floor, how can i deduct improvenments made to the rental apt but divide mortgage premium?

How do i do this when i choose recommended option -  "...let turbotax do the math"

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
Coleen3
Intuit Alumni

If i rent 2nd floor apt in a multiunit property & live on the 1st floor, how can i deduct improvenments made to the rental apt but divide mortgage premium?

TurboTax can do the math when it is a straight-forward split. In a circumstance where not everything is split by percentage but rather one unit only has improvements, then you have to do the math.

View solution in original post

1 Reply
Coleen3
Intuit Alumni

If i rent 2nd floor apt in a multiunit property & live on the 1st floor, how can i deduct improvenments made to the rental apt but divide mortgage premium?

TurboTax can do the math when it is a straight-forward split. In a circumstance where not everything is split by percentage but rather one unit only has improvements, then you have to do the math.

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