Carl
Level 15

Investors & landlords

Its my condo rental loss and T.T. says I get nothing back,was empty all year

I need you to confirm that you are using the desktop version of TurboTax that you physically installed on  your computer. That's what I expect at this late date. But I still want *you* to confirm it.

If it wasn't rented for the *entire* tax year *and* you received no rental income for it in that same entire tax year, then why are you reporting it? Now I don't intend that as a smart arse question. Generally, what you should do is show the property converted from a rental to personal use on Jan 1 of the tax year. There's pro's and con's to doing that, as well as pro's and con's to leaving it as a rental. So that's why I'm asking the question.

Basically, if you did not have it rented all year I expect you would have told the program that it was rented for "zero" days. At that point, the program would have told you (incorrectly in my opinion) to delete the SCH E (which depending on one's specific and explicit circumstances, could really screw you over royally.)