TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Why can't I deduct rental loss?

Forum|Forum|1 year ago
February 10, 2025
1 reply
0 views

I am actively participating. Spend more than 750 hrs. My AGI is less than 150K.

Still, I put in that I spent 20K in repairs. But on schedule E, it only showed 9k. The net income is 0, but not showing a loss.

I am very puzzled.

TurboTax Home & Biz Windows

Within the rental property activity, make sure that you indicated that you were an active participant.

Access the screen by following these steps:

Across the top of the screen, click on Business.
Click Continue.
Click I'll choose what I work on.
Click Continue.
Scroll down to Rental Properties and Royalties.
Click to the right of Rental Properties and Royalties (Sch E).
Click through the screens.
At the screen Your 2024 rentals and royalties summary, click the pencil to the right of the rental activity.
At the screen Review your Rental Summary, click to the right of Property Profile and General Property Information.
Click through the screens to the screen You indicated You Actively Participate.

You said that you spend more than 750 hours. Have you indicated that you are a Real Estate Professional?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"