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Is there a bug in turbo rax 2020. I pay more tax with rental expense added
Hi,
I am doing my 2020 tax return & I am encountering strange behaviour.
I have a rental property, I input all rental income and leave repair/maintenance expense blank because I need to find all the receipt/documents. To my surprise, when I input my rental investment expenses (maintenance, repair cost etc...) I end up have to pay more tax. It does not make sense to me. The expenses should reduce my taxable income and helps me pay less tax but it does not.
Is there a bug in Turbo Tax 2020 which cause this strange issue?
Thank you
Topics:
May 9, 2021
5:47 PM