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Investors & landlords
have checked "I rent out a part of my home", but don't see how that matters in Schedule E.
Sounds to me like you're jumping the gun before even working through the program the way it's designed and intended to be used. Give it a chance.
It matters big time. There's four things in the property profile section you should be selecting.
- It's a single family home
- 2022 was the first year I rented this property
- I rent out part of my home
- I converted this property from personal use to a rental in 2022
In later screens you will be asked for percentage of floor space that you rent out. That percentage will be the floor space that is "exclusive to the renter".
March 18, 2023
2:50 PM