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Rental property expense limitations - possible bug?
I am trying to enter expenses associated with a basement rental property that we managed as an AirBnB. Over the last few years, this has not been an issue, but for some reason this year, as I enter expenses, only 10% of the expenses are showing up in the summary. This is true for expenses that might be prorated (like real property tax), but not for others that should be 100% allocated to the rental (i.e., cleaning fees). For some reason, however, 100% of my management fees are showing up in the summary. Is this a bug? Maybe the expenses will show up correctly once my forms are completed?
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March 19, 2023
7:49 AM