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ceciliaru
January 29, 2023
Question

rental property expense

  • January 29, 2023
  • 1 reply
  • 0 views

I have the Premier version 2022 and when entering the rental property expenses Turbo Tax is not adding them up.

    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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