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Get your taxes done using TurboTax
It depends. There are some questions that may be affecting your results, in particular whether you were an 'active participant'.
Open your TurboTax Desktop return:
- Click the Business tab > Click Rental Properties and Royalties > Update
- Continue to the property and select 'Edit' > Click on Property Profile
- Continue making sure you have selected the correct answer until you reach 'You indicated You Actively Participate'
- If you are making all the decision about the property then you are an 'active participant'.
Please update this post with more details if you have more questions.
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‎January 25, 2025
10:27 AM