Unable to edit expenses for rental property income

Forum|Forum|1 year ago
January 17, 2025
1 reply
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Whenever I edit an expense item and enter it, the total for 2024 still shows $0. I've tried multiple lines and none of them will let me enter amounts. I'm using Chrome and erased all my cookies and such.

mglauner

Is your Rental property designated as a Vacation Home? In the Property Profile, you should show no Personal Use days if the property was rented all year (meaning, during the period it was designated as a Rental).

So if you lived in a property from January through June, for example, and began renting it in July, in the Property Profile, indicate it was rented all year, and designate July 1st as the beginning rental use.

If you did use the property for Personal Use during the rental period, (such as a vacation home), then you would need to designate the number of Personal Use days, and your deductions may be limited.

If this applies, here's more detailed info on How Does a Vacation Home Affect Your Taxes?