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ceciliaru
January 30, 2023
Question

Bug in Rental income and expenses

  • January 30, 2023
  • 1 reply
  • 0 views

When entering the Rental Expenses the system is copying the Rental income and not adding the items I had put as expenses.

    1 reply

    R
    RobertB4444
    January 31, 2023

    Please clarify - you have entered in the amount that you received as rent and now you are entering in your rental expenses and the system is not giving you a net total? 

     

    If you have a loss it may be limited because of your other income.  So the system may be totaling it but not carrying it over to the final return for this year.  

     

    Here is an article on passive activity losses.

     

    @ceciliaru

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