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How can I split rental costs in Turbo Tax if I rented 2/3 of House For Part of the Year and 100% for Part of the Year

I am trying to enter my rental into Turbo Tax. I rented 2 of 3 bedrooms for 8 months (and lived in the third bedroom) and then moved and rented 3 of 3 bedrooms for 4 months. Is there a way to enter this information in Turbo Tax and have it do the math? Or do I need to manually split the costs (costs in the first 8 months would be 2/3 deductible and 1/3 of mortgage interest would go to my personal return and then costs in the 4 months would be 100% deductible and 100% of interest would go as rental expense?)

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1 Reply
PaulaM
Expert Alumni

How can I split rental costs in Turbo Tax if I rented 2/3 of House For Part of the Year and 100% for Part of the Year

No there isn't a way to have TurboTax do the math, because the program will calculate based on a percentage of square footage. You'll need to do the math in this case.

 

If you continue to rent the property in this way (by room) you might consider entering as separate units although math would still be involved. 

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