Hello TurboTax experts,
I am filing my 2020 tax using TurboTax. For my rental property at the Asset Entry Worksheet, line 5, Type of asset, the only option is :
M- Home Office
N- Home Office Improvement
Neither of them applies. I check my last year's TurboTax, it should be "I- Residential Rental", but I do not have this option for the software of 2020. I ignore it and proceed. But at error check, TurboTax keep saying that is an error and I must give the Type of Asset, but I couldn't choose the right one. How to fix this problem?
Many thanks.
Greg
