Thank you. When I view the tax return, a selection for Single family home and I converted this property from personal uses to rental in 2024.
If both of these are true, then the follow up questions must be answered and they appear to be blank. In TurboTax Online take the following steps to complete your rental property.
- Open your TurboTax return and go to your rental > Edit beside your rental
- Select Edit beside Rental property info > Select Edit under Situations
- Select From primary residence to rental > Select 'Yes' it was rented every single day in 2024 (assumes it was available for rent every day after you converted it to rental).
By using these steps you must enter the rental portion of the expenses prorated for the period of rental activity. For itemized deductions you must enter the correct amount used for personal use before converting your property. This will allow the correct application for both rental and personal deductions.
@jumprope1
[Edited: 03/22/2025 | 11:43 AM PST]
- Select 'Yes' if it was always rented at fair rental value from the date it became available for rent (assumes your rent is average for your house based on size and location) > Continue
When I made these selections the rental expenses and Schedule E had the appropriate expenses. Please update here if you have additional questions and we will help.
@jumprope1
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