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Investors & landlords
Thanks Carl. Yes, I am an active participant which is why TurboTax uses Schedule E. When I do folllow the instructions as described and Finish the rental section, the remaining percentage is not correct because Turbo Tax is using too high of an amount for the Rental - it’s not taking into account the fact that only 18.03% of the property is a rental but it is taking into account the # of days it’s been rented out. Similar to this problem - <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3210109-do-i-report-mortgage-interest-for-rental-property-as-renta...>
June 6, 2019
1:18 AM