Utilities Expenses for Tom Copeland

[llove530]

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]

Utilities on turbo tax

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.