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Investors & landlords
Hmm. Not seeing section 179 or bonus depreciation. I have been depreciating the rental property in Turbo Tax ever since starting to rent in 2014. My Federal Returns in Turbo Tax only have Schedule E and form 8582 Passive Activity Loss Limitations. We are not operating the rental as a business. We are only infrequently contacting the tenant and that's about it for involvement.
Where else can I look to see why Iowa is showing I owe tax on a rental property that is a loss year over year on my Federal return?
March 24, 2025
3:11 PM