For a rental property, How should I set indirect expenses if the rental property was empty for half the year, occupied by my for 20% and renters for 30%.

ghunter999-gmail · ‎03-29-2023

It looks like the "Days Rented" and 'Percent of tenant occupancy" affect this, but not how I would expect.

TaxGuyBill · ‎03-29-2023

You use the "Days Rented".

In your situation, using the 'regular' way (not the Tax Court method), the expenses would be 60% deductible as rental expenses (60% of the time the home was used).

Is that what it is doing?

View solution in original post

George4Tacks · ‎03-29-2023

Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assist... OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-...

They can walk you through all the steps to be sure you get it right. The software is not inherently obvious.

Answers are easy. Questions are hard!

ghunter999-gmail · ‎03-30-2023

Thanks. you are correct. I realized that I need to ignore the percent occupied and make sure that was 100% and then make sure the rental days and personal use days were correctly entered and that fixed it.