3405838
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

When I rented my home only part of the year, how do I show rental-only expenses versus shared year-round expenses in Turbotax Desktop?

I rented my place with Airbnb  49 out of 365 days in 2023.

 

In Turbotax Desktop, how do I distinguish rental-only expenses such as:

  1. - A cleaning service to clean between and after short-term rentals.  
  2. - Supplies for gift basket
  3. Cleaning supplies solely for the rental
  4. - Repairs directly due to guest damage
  5. - Replacement directly due to guest damage or theft
  6. - Utilities only during guest rentals ( or do I say 49/365 of the total utilities for the year?)


How do I distinguish shared Guest AND homeowner expenses such as:

  1. - General repairs
  2. - Homeowners association
  3. - Legal for the property, not necessarily rental.
  4. - Cleaning supplies shared for the year

    Turbotax 2023 Desktop gives me these categories, and I cannot tell which of them are prorated.   Or how to indicate proration within the categories. 
  • Advertising
  • Supply
  • Utility
  • Maintenance
  • Repair
  • Management
  • Legal
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 Reply

When I rented my home only part of the year, how do I show rental-only expenses versus shared year-round expenses in Turbotax Desktop?

Keep clicking through rental expenses until you get to Miscellaneous.  Then Itemize items as "Rental-Only" as listed in your question (Rental Expenses 1-6)

For these parts of the walkthrough

  • Advertising - Enter the costs for the year and assume NOT pro-rated.  
  • Utility - Specify utility costs ONLY for the rentals.  (I did it both ways and the federal refund did not change. )

For these parts of the walkthrough, enter shared costs for the year, and specify "Rental-Only" costs separately in the Misc expenses at the end.  

  • Supply - 
  • Maintenance
  • Repair
  • Management
  • Legal (I am guessing this is annual, not shared.  I could be wrong)

I am not 100% confident in my answers and appreciate anyone else's perspective.

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