shpurdum
New Member

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?