@wmjohnson wrote:
Hi. I’m still wondering how/why TurboTax allocates some of the operating expenses 100% to 2022 and splits other operating expenses between 2022 and loss limitation for carryover.
It automatically divides things between rental and personal because most things are for both rental and personal. But (1) advertising, (2) commissions, (3) management fees and (4) other rental expenses ONLY apply to rental, so it allocates it 100%. There is no personal component of those items.
