bevinb Posted January 2 Report Share Posted January 2 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 Report Share Posted January 3 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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