Rental income - Claim for percentage of expensesIf certain rental expenses should not be deducted in full, please follow the steps below:
1. On the "Left side menu on the Interview tab", select "Rental Income" and select the subsection "Income, expenses".
2. On the page that is displayed, enter your income and expenses.
3. However, if one or several expenses should not be deducted in full, go to the line " If less than 100% of an expense above applies to the business, enter the applicable percentage ", that is the portion that applies to the rental property. The balance is presumed to represent your use for personal purposes.
Do not use this option to adjust the total expenses for your percentage share ownership of the rental property. This is done automatically by the program using the co-owner's percentage information, when applicable.
ID: 20200831113938NA.xml
Webpage: KPA320-20200831113938NA.htm