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Investors & landlords
If you just work through the SCH E section of the program the way it's designed and intended to be used, and read the information presented on each screen as well as make the proper selections where applicable, the program will walk you through the entire process. But if you haven't taken depreciation for the last 5 years, it's not going to work out for you correctly, the way it otherwise would.
With having rented a part of your primary residence over the years, combined with not having depreciated the rental portion as required, that adds to the complexity of the situation and the TurboTax program just flat out can't handle or deal with it correctly.
‎April 23, 2021
10:04 AM