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Updated 10 months ago on .
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1st Year Rental in TurboTax - How to Split Tax Deductions?
In the section for rentals in TurboTax, there is a checkbox if it was the first year for a rental, including the number of days it was rented. I'm a little confused about deducting real estate taxes. In my instance, it was rented out for 81 days last year, which would be 22% of the year. Does 78% of the real estate tax get entered for my "personal" taxes and then 22% is on the rental side? If this is the case, what other deductions need to be split? I wasn't sure if maybe TurboTax did this automatically, but there's no indication that it does and I wasn't sure if I should enter my real estate taxes under personal or rental or both, or manually calculate the split.