I already prorated the rented area.
The common areas surpass both private and rented area in square footage. I would not need to keep heat, lights going in most common areas if not rented.
Can I prorate separately the utility for common areas?
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You can prorate the expenses and areas of the house as you see fit, just document how you are arriving at the amounts you put on your tax return. Keep the calculations for your records.
Keep in mind TurboTax allocates expenses according to rental days. So if you rented all year, you would enter in for utilities the amount you allocate to rental expenses.
You can prorate the expenses and areas of the house as you see fit, just document how you are arriving at the amounts you put on your tax return. Keep the calculations for your records.
Keep in mind TurboTax allocates expenses according to rental days. So if you rented all year, you would enter in for utilities the amount you allocate to rental expenses.
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