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najma09
New Member

Why its only taking 50% of total rental expenses ? I own a two family house . I live on first floor and rent second floor. The tennant only pays rent and electric bill.

Yes I use 50% of the property but I pay for all the expenses. but turbo tax is only taking 50% of every expense ? why ? Am I doing it wrong ?
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1 Reply
KrisD15
Expert Alumni

Why its only taking 50% of total rental expenses ? I own a two family house . I live on first floor and rent second floor. The tennant only pays rent and electric bill.

You pay for all the utilities. 

You live in half. 

Half the utilities are your own personal expenses. 

The other half (50%) is used by the tenant who pays you rent, therefore 50% can be deducted as an expense from the rent the tenant pays. 

 

You can't expense the portion you pay for yourself. 

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