Reporting Income/Expenses for Property Held in Trust

[nm1315]

My sister passed in late 2023. Her residence, which was a multi-family home, was left in her trust. I am the trustee and was responsible for maintaining the property until it was distributed to the beneficiary in Sept, 2024.

During this time one of the units continued to be rental property with income and expenses.

I was able to enter the rental-related income/expenses but how/where do I enter the non-rental expenses incurred with maintaining the property (i.e., utilities, insurance, cleaning, maintenance, etc.)?

(I'm using TurboTax Business 2024. )

Thanks.

[DaveF1006]

It depends. Any expenses that are non-rental that you have listed are not tax deductible because these are personal residence expenses apart from the rental activity.

[M-MTax]

 how/where do I enter the non-rental expenses incurred with maintaining the property (i.e., utilities, insurance, cleaning, maintenance, etc.)?

If the other unit or units were available for rent, then those expenses are actually rental expenses which you can deduct even if the units were not occupied (again, provided they were made available for rent).