Hi @AmyC , thanks for the very detailed and helpful answer! The options in my dialog box are slightly different, since I am using TT Premier for Mac. After I deleted the Schedule E worksheet, the property was also deleted from the Schedule E! I started entering the asset information again from scratch, including the itemized depreciation (for both the property and upgrades made over the years). NOW TT calculates the net loss, as I expected.
This is a weird bug that only appeared in the TT Premier for Mac 2021 version. I have used the Premier version for Mac for over 10 years, and this is the first time that this error happened! I simply import the rental information from the prior year's TT file.
