I'm using 2024 Turbo Tax Premier desktop version. I've entered my vacation rental property income and expenses and the result is a loss. Schedule E has the following information:
Sch. E line 21: - $14,928 this is a loss
Sch. E line 22: $0 (this is correct since the income is greater than $150,000)
Sch, E line 25: $0 (the decription for this line specfies that lines 21 & 22 are added together.
2 questions:
(1) Why is line 25 $0 when it should be -$14,928, the sum of lines 21 & 22?
(2) On the Federal carry over sheet the carry over from 2023 is not increased by $14,928 in the 2024 column. I would expect the 2024 column to show an increase of $14,928 from 2023. Why isn't the carry over increased?
