Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
F
fosterbd
June 6, 2019
Solved

I'm a sole proprietor AND I have a rental property. How do I divide expenses? Example, does phone bill go in sch. C or sch. E? I use phone for both duties.

  • June 6, 2019
  • 1 reply
  • 0 views

I don't know how to handle shared expenses for my RE business and my rental.  Expenses like phone where I use my phone for both entities I'm not sure which schedule to put them under.

    Best answer by CherylW

    You have to allocate the expenses, in that case.

    Say your phone is used 70% for personal, 25% for business, 5% for rental.

    70% doesn't get written off, 25% goes on Schedule C, 5% on Schedule E.

    1 reply

    C
    CherylWAnswer
    Employee
    June 6, 2019

    You have to allocate the expenses, in that case.

    Say your phone is used 70% for personal, 25% for business, 5% for rental.

    70% doesn't get written off, 25% goes on Schedule C, 5% on Schedule E.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification