Question

I only rent out one room of my house, but the system allocate the entire depreciation expense amount as a deduction to rental income, how can i adjust?

Forum|Forum|4 years ago
April 10, 2022
1 reply
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TurboTax Premier Online

ColeenD3

Did you indicate that you only rent a room when setting up the rental?

S

summerxuuuAuthor

yes - and i indicated that its 16% of my entire house. Property tax, mortgage interest was accurately allocated but only for depreciation, it was not allocated.

R

RaifH

You do not depreciate the portion of the house that was not used as a rental. When you enter the rental asset, as in the screenshot below, you only want to enter the portion of the cost that is allocated to the rental, in your case 16% of the total cost and cost of land should be reported here.