Question

Are my expenses for a rental supposed to be rejected for some fields?

Forum|Forum|4 years ago
March 21, 2022
1 reply
0 views

I am inputting some fields and they aren't being populated for the calculating the total.

TurboTax Premier Online

It is possible that some of your expenses are not allowable. This can happen if you use the rental property for personal purposes during the year. If you use the property for more than 14 days or 10% of the time it is rented during the year, which ever is more, for personal purposes, then you can only deduct rental expenses up to the amount of your rental income.

Also, if you rent the property for less than fair market value, you are considered to being using it for personal purposes and that can limit your rental expense deductions to the amount of rental income.

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