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Why the cost on generated schedule E is different from what I entered?
The expense is different from what I entered in Turbotax Web.
For example: Cleaning and maintenance, I entered 237 but got 87 in Box 7.
Also the Depreciation is 0 in Box 18 though I got $10,490 calculated.
I calculated $10,490 in page Assets/ Depreciation but it showed $0 in the rental summary page.
I'm expecting loss from the rental property but Turbotax just capped my expense the same as my rents receive.
Why does this happen?
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‎February 21, 2020
12:39 AM