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Investors & landlords
I totally agree that itis a bug in the software! The same thing happened to me. In addition, the software prorated the rental property repairs which is completely ridiculous!! The repairs entered are only for the time it was a rental, I know that I cannot deduct home repairs for a primary or secondary home. Luckily, the prorated amount was so low that I didn't bother trying to recoup the deduction.
If it wasn't a bug, why would it list the amounts "Allocated for Personal Use" in the Schedule E Worksheet but only transfer the amount for real estate taxes. Turbotax needs to fix this!
‎September 9, 2022
11:38 AM
2,127 Views