Joans1738
Returning Member

Get your taxes done using TurboTax

Thank you Diane, so it’s 100% OK to use schedule E as a new home owner even if I never rented the unit before? I’m only asking because someone warned me against using schedule E. They told me that schedule E can be used for rental loss only if the unit was occupied before and they moved out and couldn’t find a new tenant. But I’m a new home owner and the house was delivered vacant. So I want to do this right without getting audited or penalized.