I've researched the community resource pages/blogs and I've come to understand that my situation is that I have a rental and it's under "passive". I also understand that I need to complete the sched C-- but how do I get there in TT?? All suggestions I've seen, I have tried. Under 'Business Income & Expenses' I chose Rental Properties and Royalties-- I also saw that I'm supposed to be able to add my RV if I choose Tools/Machinery but TT never takes me to a special asset page to be able to add the camper there for the 5 year depreciation that I keep reading about. When I go to enter my expenses it tells me that my expenses cannot be greater than my income. Well I just bought my camper in '22 and I had it rented out on Outdoorsy but that first rental date isn't until April '23. Plenty of people buy/open businesses during a tax year and make no income but they have expenses in the year they purchased that business. Why is TT making this so difficult for me to input this info? No matter what I do in TT, it never lets me put in the camper as the asset with the 5 year depreciation like I've seen other TT users say TT let them do. I've tried what others have posted, but they are older posts.... tried finding the 'tools/machinery' so I could input the camper and get the 5 yr depreciation. I've only been able to find the 25 yr depreciation real estate rental part in TT, which I know is incorrect. I have an online Windows download, not the CD version--not sure if the online version is less user friendly? Maybe TT is just having some technical difficulties with a newer version than what all the other TT users have been able to input camper rental in? I mean, people start businesses and buy rentals all the time that make no money the first year. I wouldn't think it'd not let me have ANY deductions just because I made no income the first year. I did have a reservation booked for it last year for 2023. I need step by step on how to get this input into TT Premier sched C. I've wasted so much time with this already.
