turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

plato56
New Member

Where do I deduct equipment expenses used for multiple rentals?

Mower, tractor, weed eater, chainsaw, etc. Where can I claim the fuel, oil, and maintenance costs. The costs that can't be assigned to any one of the rentals.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Where do I deduct equipment expenses used for multiple rentals?

The only way to handle this is to total the expenses (or put them in categories) and divide them equally between the properties.  

Then go through each separate rental property, and enter the allocated amounts.   This also applies to entering purchases of assets. 

View solution in original post

2 Replies

Where do I deduct equipment expenses used for multiple rentals?

The only way to handle this is to total the expenses (or put them in categories) and divide them equally between the properties.  

Then go through each separate rental property, and enter the allocated amounts.   This also applies to entering purchases of assets. 

plato56
New Member

Where do I deduct equipment expenses used for multiple rentals?

Thanks KerriP!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question