Volvo Girl - I appreciate you 'weighing' in on this. We live in our house 44 weeks each year and rent it for 8 weeks in summer. The Schedule C is how we list all the rental income that is received and then we offset that by using 8/52 of the utility, tax, insurance (and etc.) expenses. Naturally, depreciation is part of that expense. The bottom line (for the past 10 years we've done this) never comes down to $0.00. However, it does substantially reduce our overall tax due. I have gone over and over last year's return and cannot see any radio button in TT that I hit wrong, or didn't hit. It's truly puzzling. I have another option that I could try that I didn't describe in my prior post. I'll install the Premier CD verison on laptop #1 and have 2021 data transferred to 2022 forms. Then I'll go immediately to Sch C and see if I can insert the depreciation on line 18. Maybe I can, or maybe more figures need to be inserted first. I just don't insert figures for everything before knowing one way or another whether I'll be able to use the depreciation figure for 2022. If that doesn't work, I'll load the CD 2022 on a different laptop. It will be the CLEAN version without transferring any 2021 data. I'm hoping that using that I'll be able to insert depreciation on line 18, plus get the Fed Carryovers from 2021 off laptop #1 because I don't have the mathematical ability to figure out what that amount should be. What do you think?
