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afulwell
New Member

Rental Expenses Incurred for Partial Year Usage

I converted my home to a rental this year - the tenant moved in Nov 15th.

 

In preparation for this, we spent about $1500 in cleaning / maintenance.  Since Nov 15th we have had $200 in repairs / landscaping, 

 

When I enter this info into TurboTax, it converts these amounts based on partial year usage.  This makes sense for insurance, mortgage interest, taxes, etc.  But for expenses that are specific to the rental it doesn't.  Is there a way to not have it prorate the amount?

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1 Reply
MarilynG1
Employee Tax Expert

Rental Expenses Incurred for Partial Year Usage

Any expenses you incurred prior to the actual rental date would not be deductible as Rental Expenses; however you can add the amount to your Cost Basis when you set up the property.

 

After the rental, repairs would be a deductible Rental Expense.

 

The only items TurboTax would prorate for you between Schedule E and Schedule A are mortgage interest and property taxes.

 

Be sure that in the Property Info section you indicated that it was rented '100%', which means from the time it was a Rental.  Don't enter any Personal Use Days.

 

TurboTax will then prorate the mortgage interest/property tax, but let you claim Repairs, Cleaning amounts at 100%.

 

Here's more discussion on Partial Year Rental Expenses. 

 

 

 

 

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