Check to see if the net result of your rental activity is $0 for this year because you are subject to the limits on passive activity losses. See this tax tips article for more information.
Detailed calculation information in TurboTax Online can be found by navigating to
Tax Tools > Tools > View Tax Summary > Preview My 1040
to access the Form 1040 Worksheet. This worksheet, specifically the Tax Smart Worksheet located between lines 15 and 16, provides the in-depth, step-by-step calculations for your tax liability.
If you are using the Online version, you will need to have paid for your product in order to see all of the worksheets.
If you are using an Online version of TurboTax, try these additional troubleshooting steps if needed:
- Check your Internet connection. Hardwired connections work best.
- Try logging out and logging back in again.
- Try using a different browser. Chrome generally works well; some users have found Edge works.
- Try restarting your device.
- Try clearing your cache and cookies.
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