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seandminor
Employee
April 8, 2019
Solved

Showing a net profit on a rental

  • April 8, 2019
  • 1 reply
  • 0 views

I am showing a profit on a rental but the mortgage is more than the rent. How is this?

    Best answer by Anonymous_
    No text available

    1 reply

    P
    PaulaM
    Employee
    April 8, 2019

    Did you rent part of a home and chose to have TurboTax allocate expenses? If so, under the property profile section indicate you rented part of your home, then on to days rented, and then you will see the page to allocate expenses.

     

    If this is not your case, review your entries for rent in the mortgage expenses.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
      S
      seandminorAuthor
      Employee
      April 8, 2019

      it has been a long term rental with a few maintenance calls last year.

        A
        Anonymous_Answer
        Employee
        April 8, 2019
        No text available
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