bjmt
Level 2

Re: What is the correct way to enter rental income on a home you own? Should all rent be included...

I rented out my primary home for few months in 2022 (50% of 2022) as I traveled. I entered all amounts in schedule E for rent received, mortgage interest, insurance,  repairs, property tax, condo fees and special assessments. Under assets rental property I stated I used the primary residence for business/rental for 50% of 2022 and purchased in 2015. It was rented 100% of the time from 2015- 2020 and then became a primary residence end of 2020 on to 2022 except 6 months in 2022 when it was used as rental again. 

 

Turbo Tax is not taking into account out all my $ entries under "EXPENSES / ASSETS (DEPRECIATION)" and is showing my net income for the primary residence rental as rent received minus the depreciation. It put a $1 value for my insurance, cleaning/maintenance and mortgage interest totaling $3. It shows real estate taxes and repairs lines as "not started" but when I click on 'start', it shows the amounts I had input.

Why is it zeroing out my real estate taxes and repairs line amounts and assigning $1 value to insurance premium, cleaning/maintenance and mortgage interest lines?