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February 15, 2025
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Rental income cleaning, maintenance and repairs should be the 100% of the full cost. Why does Turbo Tax reduce the amount? This is not a depreciable expense.

  • February 15, 2025
  • 1 reply
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    Best answer by PatriciaV

    Was the property listed for rent the entire year? If so, you would enter 366 rental days (for 2024).

     

    Rental days are days when the property was either occupied by a renter, listed as available for rent, or days that you spent repairing and maintaining the property. This includes days when the property was vacant, as long as it was available to be rented.

     

    Otherwise, your expenses will be prorated based on the percentage of "rental days" to the number of days in the year.

    1 reply

    February 15, 2025

    This is most likely due to reporting personal use days for the property.  

     

    If the rental property is used for personal purposes, then certain expenses are prorated between personal and business use.  Double check the accuracy of your personal use days in the Property Profile section for your rental property.  

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    cassheffAuthor
    February 15, 2025

    Thank you! I thought that might be part of the issue.  I double checked my personal use days which is 0.  The days rented is 241. Does it seem like this should be prorated?

    PatriciaV
    PatriciaVAnswer
    Employee
    February 17, 2025

    Was the property listed for rent the entire year? If so, you would enter 366 rental days (for 2024).

     

    Rental days are days when the property was either occupied by a renter, listed as available for rent, or days that you spent repairing and maintaining the property. This includes days when the property was vacant, as long as it was available to be rented.

     

    Otherwise, your expenses will be prorated based on the percentage of "rental days" to the number of days in the year.

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