bevinb Posted January 2, 2023 Report Share Posted January 2, 2023 We rented out our basement. Our house is a split level so does not have a full basement. I calculated the rental space is 20% of our living space. So what do I enter to answer the question "% of personal use of your rental property"? 80% or 20%? Next, when entering the expenses do I then enter the full amount and the program calculates the 20%? e.g if I paid $2000 property taxes, do I enter $2000 or $500? Hopefully someone has some experience with this and can help. TIA, Bevin B. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted January 3, 2023 Report Share Posted January 3, 2023 Hello bevinb, IF applying expenses from all the property to the Rental than enter 80% personal use. The percentage entered here will be applied globally to reduce all rental expenses accordingly eg. enter $2,000 and UFIle will apply 20% to the Rental = $400. Quote Link to comment Share on other sites More sharing options...
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