llove530 02:35 PM 01-10-2011
Tom,
Do I also need to figure out my Time/Space % before entering my all utilities into Turbo Tax? I think I did it wrong last year on my 2009 taxes by entering in the total amount thinking Turbo Tax did the math - ugh!!
TomCopeland 10:28 AM 01-11-2011
Since utilities are an expense that appears on Form 8829 Turbo Tax should have multiplied it by your time-space percentage that is calculated elsewhere. So, I don't think you have to worry. It's when providers deduct shared expenses on Schedule C (toys, supplies, repairs, etc.) that the software doesn't apply the time-space percentage.