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Get your taxes done using TurboTax
Thanks for the detail - I guess the thing I don't understand is including Schedule E part - line 3 is Rents Received. Should it not be Line 24 (Income?).
Rent expenses are not deductions but a way to get to Income from the property. I could gross 100K but if my expenses are 110K I don't see how I have 100K in gross income.
This seems like a formula error to me unless there's some unique way that TurboTax is treating the term "Gross Income"
May 17, 2021
2:26 AM