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Schedule e reporting

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?
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Accepted Solutions
NicoleU
New Member

Schedule e reporting

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.

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1 Reply
NicoleU
New Member

Schedule e reporting

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.

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