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January 31, 2020
Question

I'm in real estate. Just starting out. If I lived in a property while I was getting ready which I'm currently renting out, can I consider the utilities while I lived there as a deduction?

  • January 31, 2020
  • 1 reply
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1 reply

MarsStephanieL
January 31, 2020

Hi there, @brandim8707.
 
You can categorize your rent as Rent and lease (Home office) since it is still an expense account and then categorize it as personal or business. I’d be glad to show you the steps below.
 
Here’s how:
 

  1. Go to the Transactions tab on the left pane.
  2. Click on the Add transaction tab.
  3. Enter the details and change the Type as Personal or Business.
  4. Categorize it as Rent and lease (Home office).
  5. Hit Save.

 
Also, I added this screenshot for your reference.
 


 
For future reference, you’ll want to check this out: QuickBooks Self-Employed Overview.
 
Let me know if you need further assistance about categorizing your transactions. I’m excited for you to start your business with us!