Unregistered 08:50 AM 01-21-2016
While using TurboTax do you have to figure out the amounts using t/s % for supplies, utilities, mortgage insurance, etc before entering ALL of them into Turbotax. Is there any areas where Turbotax figures the amount out for you using the %?
Thriftylady 08:54 AM 01-21-2016
In the home office area, there is a button to click for daycare. Going on from there it will let you put in square footage and time. That works for your utilities and such.
TomCopeland 02:31 PM 01-21-2016
Originally Posted by Unregistered:
While using TurboTax do you have to figure out the amounts using t/s % for supplies, utilities, mortgage insurance, etc before entering ALL of them into Turbotax. Is there any areas where Turbotax figures the amount out for you using the %?
You must determine the business portion of supplies and other non house expenses before entering them into Turbo Tax. But, for house expenses (property tax, mortgage interest, utilities, house insurance, house repairs and house depreciation ) TurboTax will use your time-space %. I wrote an article about this:
http://tomcopelandblog.com/a-guide-t...ax-2015-part-i