My building (which needs major repairs) is used to store regularly needed maintenance supplies& tools for my apartment rentals. . How/where do I enter this in Turbotax?

Forum|Forum|7 years ago
June 1, 2019
2 replies
22 views

The building was a rental owned by the LLC, but was trashed by tenant, pipes froze, etc. For several years it has been used by my LLC business to store cleaning supplies, tools, files, & building materials for the adjacent apartment building and commercial rental. The LLC doesn't pay rent to itself.

I can't figure out where to enter this, to deduct utilities etc.

TurboTax Premier Windows

CyndiSchulte

Level 2

Yes, you can deduct storage costs as a rental expense under "Other Expenses". When going through the expense section, you will be able to enter your own description (such as utilities for storage rent) and the amount. The data entry appears after common expenses, mortgage interest are entered. Continue through the interview until you arrive at Any Other Expenses screen. Please see attached picture.

https://dqjghx1vau0u.cloudfront.net/uploads/assets/54679/original.png?1460402086