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D
dlease
March 12, 2024
Question

Incomplete Import of Rental and Royalty Income

  • March 12, 2024
  • 1 reply
  • 0 views

I had a Rent and Royalty loss of $2,510 in 2022, but my 2023 TurboTax shows a $0 for 2022.  What's wrong and how do I fix this?  Thanks.

    1 reply

    J
    JulieS
    March 13, 2024

    We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

     

    If you are seeing the $0 on your income summary, it's probably because your loss wasn't an allowed loss. Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), you can't deduct your rental loss. 

     

    Where do you see that the rental loss is zero for 2022?

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