@midwestPerson wrote:
It is not the error, it is the fact that the error is KNOWN and REPORTED and Turbo Tax has not fixed it. Inexcusable.
If you only knew the large number of that applies to in TurboTax, it is likely you would never use TurboTax again.
For many or most people, rental properties do not rise to the level of a "Trade or Business". The program assumes that is the case, and therefore does not factor in that income on 4562. As you found out, the error is that the program does not give the option to declare that it IS A "Trade or Business" for purposes of Form 4562.
