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Investors & landlords
Is it possible that turbotax always report net rental income as 0 even after the rental depreciation?
For my situation, say if the depreciation this year is 5000 (calculated with form 4652), and net rental income before depreciation is 2000. Turbotax only report 2000 in schedule E line 18, and 0 in line 21/22 instead of reporting 5000 in schedule E line 18 and -3000 in line 21/22 as rental loss?
‎April 7, 2024
12:51 AM