Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 17, 2022 5:07:33 AM

How do I enter personal expenses incurred that are claimable for a property that I have 50% ownership (not with my spouse) on turbotax.

0 1 365
1 Replies
Level 4
Apr 21, 2022 4:42:35 PM

It depends on what the expense is.

 

If you had a car that only you used for the rental business, you can click on “Add a Vehicle for [Your Name]” on the Motor Vehicle Expenses Summary to enter those expenses just for you.

 

If it was some other expense, you can enter it in the “Minus: Other expenses of the co-owner” box in the first part of the T776 Rental Expenses section.

 

Thank you for choosing TurboTax.