question regarding utility expenses for owner occupied rental property

Forum|Forum|3 years ago
January 31, 2023
1 reply
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I am using TurboTax Self-Employed v9.2.0 on the Android app for my 2022 tax returns. In the past years filings, I specified a percentage usage for utility expenses for an owner occupied rental property. How do I adjust that value for the current years return calculations.?

Apparently, this calculation is missing in 2022, or carries over and not modifiable, or there's a new process in place for 2022.

Thanks in advance for any insight you can provide.

GeorgeM777

When you select the Rental Income and Royalty section, under Wages & Income, you should see screens requesting information about your rental property. After a few screens, you should see the screen Want us to divide the rental-related portion of [Name of Rental Property.] If you select No, then after a few screens, you should see screens where you can enter your rental income and expenses.

Have you tried the above steps?

@John_L

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