Thank you, TurboTaxJulieR. The basement is used by the tenant and myself for storage. Would the sq. footage of the basement count half-half for rental usage and...
Thanks Coleen. Do I need to split the utility expenses (electricity, water) 60/40, which I did with property value, mortgage interest and real estate taxes, or ...
I have yet to enter the expenses. Do I need to enter the mortgage interest and RE tax expense also with a 40/60 split (i.e. if I paid 10K in mortgage interest, ...