topic Working on my first schedule only rented room in condo from 9/1-12/31 Do I use expenses only for the 4 months? in Investors & landlords

topic Working on my first schedule only rented room in condo from 9/1-12/31 Do I use expenses only for the 4 months? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/working-on-my-first-schedule-only-rented-room-in-condo-from-9-1-12-31-do-i-use-expenses-only-for-the/01/58612#M2108 Sat, 01 Jun 2019 01:36:19 GMT jckvaughan 2019-06-01T01:36:19Z Working on my first schedule only rented room in condo from 9/1-12/31 Do I use expenses only for the 4 months? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/working-on-my-first-schedule-only-rented-room-in-condo-from-9-1-12-31-do-i-use-expenses-only-for-the/01/58612#M2108 Sat, 01 Jun 2019 01:36:19 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/working-on-my-first-schedule-only-rented-room-in-condo-from-9-1-12-31-do-i-use-expenses-only-for-the/01/58612#M2108 jckvaughan 2019-06-01T01:36:19Z Yes, that's correct. Also, for annual expenses (like hom... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes-that-s-correct-also-for-annual-expenses-like-hom/01/58618#M2110 Yes, that's correct.  Also, for annual expenses (like homeowner's insurance or property taxes) that may not have actually been paid in that 3-month period, it's appropriate to pro-rate them and list the 4-month proportion as an expense.  Careful, though, since you only rented a portion of your condo...  even those expenses from the 4-month period need to be prorated for the percentage of the condo that was considered to be rented out.  Can get a little complicated in calculating these. Sat, 01 Jun 2019 01:36:20 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes-that-s-correct-also-for-annual-expenses-like-hom/01/58618#M2110 Dave-S1 2019-06-01T01:36:20Z