Hello all.
I am using TT2023 Premier desktop version.
After entering all my W2 and all 1099 forms for Federal Tax calculation my federal refund would show about $3000. After that I entered my one small rental property information. My federal refund dropped below $2000 even though my total profit after entering all income and expenses is only around $500.
How is it possible that about $500 of additional income resulted in more than $1000 additional taxation?
Please be specific and let me know what line on what form should I check.
Thanks.
