Carl
Level 15

Investors & landlords

@lishiji56 it's to bad you're using the online version of the program, instead of the desktop version. It's a whole lot easier with the desktop version. I myself use the CD/Desktop version and have never used the online version. So some of my guidance is general, since the specific steps you follow in the online version will vary from the CD version that I use.

For starters, I recommend you delete the SCH E entirely and lets start over. Basically, you enter the Rental & Royalty (SCH E) section of the program and delete both property entries. 

Then, lets work on the first entry only, for the first 10 months where the property was 33% rental. Lets get that done in it's entirety start to finish, confirm the numbers are correct, and then deal with the 2nd rental entry for when you converted the property to 100% rental with 100% business use.

Now, when you indicate that you rented out part of your residence, I am already aware of at least one error that is going to occur if you elect to let the program do the splits between SCH E and SCH A for you. What you need to do is select the option to do the splits manually yourself. I'm more than happy to walk you through it, as I know you will have questions.  So lets get the 10 months of 33% rental use over and done with so we don't have to deal with it anymore. That way, we can concentrate on the 100% rental use entry with the knowledge that the 33% rental use entry is 100% correct.

So are you with me on this? I figure we should be able to get this done before sun down tomorrow. (Thursday).