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June 4, 2019
Solved

Does turbotax calculate rental expenses based on number of personal and rented days entered on line 1 form 8825?

  • June 4, 2019
  • 2 replies
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Do I have to calculate the factor to multiply by?  Can I just enter my gross expense and Turbotax calculates the allowable amount or do i have to divide rented days by rented plus personal days and use that factor for each expense?

Best answer by Critter

The program will compute the % ... read the screens in the vacation home section and enter what is asked for as required. 

2 replies

Employee
June 4, 2019
Form 8825?  This is a Partnership or Corporate owned rental, and you used it for personal use?

Go to a tax professional.
Critter
CritterAnswer
Employee
June 4, 2019

The program will compute the % ... read the screens in the vacation home section and enter what is asked for as required.