jcphil
Returning Member

Investors & landlords

@Carl Based on the discussion above with @ColeenD3  it seems that deduction does not apply for renting portion of you residence including room in your house. Do you have a different interpretation of IRC section 280A that would let this deduction be used when renting portion of your residence?


Also, does TurboTax has a way to figure out excess losses and depreciation to be carried over to next year similar to IRS worksheet 5-1?