I have a rental property and I'm I'm entering actual expenses for it. How to I calculate Gasoline and Vehicle Insurance?   Say I use the car 1 time every 2 weeks to go to the property.   For Insurance - should I enter the full cost of Insurance or only the number of days in the year I used it for traveling to and from the rental?   What about Gas? If I traveled 10,000 miles in the year and 1,000 was for rental property. If I spent $1,000 on gas would I enter $100 for Gasoline in Turbo Tax or the full $1,000 ... View more

Thanks for the response but can you be more specific based on the information I supplied earlier. Which items I listed can/should be applied to which fields in Turbo Tax? ... View more

Thanks JamesG1 What about my guesses for what to include in these entries in TurboTax - are they correct: Abstract and Recording Fees Legal Fees, Title Search, Document Prep Title Insurance Transfer of Stamp Taxes Expenses You Paid to Seller (I have none) ... View more

Hi, I purchased a rental property this year and I'm trying to figure out which entries in the Settlement Statement go where in Turbo Tax for: Abstract and Recording Fees, Legal Fees, Title Search, Document Prep, Title Insurance, Transfer of Stamp Taxes and Expenses You Paid to Seller. Here's my best guess - can anyone tell me if I'm correct or incorrect on any of this?   Abstract and Recording Fees Recording fees to Clerk of Superior Court 56.50 City of Atlanta Water Deposit 8/12 80 GRMA Fee to State of Georgia 10 ICL Charge to Chicago Tite Ins Co 50 Legal Fees, Title Search, Document Prep Attorney Fee $775 Title/Tax Exam & Review Fee $225 Title Bind Fee $75 Appraisal Fee $610 Credit Report $33 Property Inspection $420 Termite Inspection $45   Title Insurance Lenders Title Insurance $1011.25 Owner's Title Insurance $1368.75 Transfer of Stamp Taxes? Deed Transfer Tax to Clerk of Superior Court $500 Mortgage Intangible Tax to Clerk of Superior Court $1125   What about % of Loan Amount (Points), Prepaid Interest, Homeowners Insurance? Do any of these get included?   Thanks in advance for your help. ... View more