Question

Partial rental of personal home

Forum|Forum|1 year ago
April 6, 2025
1 reply
0 views

TurboTax online is not giving me an option for % of home rental. How do I reduce expenses related to that %?

In TurboTax Premium Online, within the rental activity, at the screen Here's rental property info, select the pencil icon to the right of Rental property info.

At the screen Review your rental property info, select Days rented.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

T

Teresa H 12Author

To clarify my issue, we only rented 10% of our property (it’s a carriage house next to our main house where we live, but all considered homestead). I’ve entered number of days used personally, but the software never provides a place to put % rented. What am I missing?

Thanks.

M

mglauner

I have attached screen captures showing that "Part of Home (with office) and "Single Family" are both selected.

I would recommend you delete that rental property, and add a new one and step through the interview again. Don't indicate 'home office' as obviously the home office was not part of the rental % and any home office deduction you qualify for will be entered in the Business section.

Once you selected 'rent part of home', say YES to 'rented all year' (this refers to the period from 'date placed in service'). Don't enter any number for days rented. TurboTax calculates from 'date placed in service' to 12/31/2024. Don't enter any number of 'days of personal use'.

You should then get a screen asking you to enter the % of the home that was rented, titled 'Let Us Calculate Your Expense Deductions for You'.

If you're using TurboTax Online, clear your Cache and Cookies after deleting, before re-entering. The first time setting up the property is the hardest; calculating the correct Cost Basis for the % of home you're renting is important, so your depreciation deduction is correct. You're probably making it harder than it needs to be; this is a good feature in TurboTax once you get it set up.

Here's more discussion on Renting Part of Home.

@stone9228