Own an apartment in Europe; 2018 rent out one part of it long term for profit and stay in the other part when I visit. How do I enter this (incl depreciation) in TurboTx?
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Own an apartment in Europe; 2018 rent out one part of it long term for profit and stay in the other part when I visit. How do I enter this (incl depreciation) in TurboTx?
Own an apartment in Europe; 2018 rent out one part of it long term for profit and stay in the other part when I visit. How do I enter this (incl depreciation) in TurboTx?
This is entered on the Sch E ... you will pretend the property is 2 separate pieces ... you will only enter the income and expenses for the rental on the Sch E ... any common expenses like insurance and taxes need to be prorated.
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