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Last year my rental property had a negative net income. This year my expenses appear to be capped at the amount of my rents received. Why?
On my 2015 return, my rental property income was about $12,000 and my expenses about $22,000. Thus Turbotax reported my net income at about -10,000.
On my 2016 return, my rental property income was about $11,000 and my expenses about $23,000. Thus Turbotax reported my net income at zero.
Why doesn't it report my net loss in 2016?
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‎June 6, 2019
2:41 AM