Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How do I allocate personal use of rental on 1065?

mikejuby369
Level 3
I have a partnership that owns a rental property that is also used for personal use by partners.  In PTO I have entered the number of fair rental days and personal use days on the 8825 input. PTO is treating the expenses as 100% deductible. Should I expect PTO to allocate based on the days that I entered or do I need to do this manually?
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
sjrcpa
Level 15

You need to do it manually.


Ex-AllStar

View solution in original post

1 Comment 1
sjrcpa
Level 15

You need to do it manually.


Ex-AllStar