Schedule e reporting

[bmwgirl1958]

I moved into my rental in June 2016.  I have prior neg rental losses report in 2015 rollover where do I report my rental turning into primary residence at which form Schedule E?

[NicoleU · Accepted solution]

If you moved into your rental and made it your personal residence in 2016, you need to divide up your expenses. Identify the expenses you incurred while it was a rental versus the expenses you incurred while it was your home.

In order to indicate that within TurboTax, please see the following:

•  Federal Taxes
• Wages & Income
• Rental Properties and Royalties
  
• Review You __Rental Summary
  
• Property Profile, Click Update
  
• You will continue until you see a screen that states "Do Any of These Situations Apply to This Property?"
• You will look for the Converted section, check the box, I converted this property from a rental to personal use in 2016

Please see the attached photo.