You'll need to sign in or create an account to connect with an expert.
1. Review the days rented and ensure that is all you entered.[personal uses days activates severely tax limitations of expenses]
2.Ensure you mark actively participation.[The term "active participation" is a less stringent standard]
3.Lack of rental income sufficient enough to offset expense.[depreciation is taken last, but only to the extent gross income exceeds the expenses for the general activity.]
4. Input errors as to dates and asset basis .
I am renting a room in a home I live in every day of the year. It won't let me select that I am using it and renting a room on the form. How can I fix this or do I need a different form?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
4taxhelp
New Member
mochadog04
New Member
valdessss
New Member
ken1kimr
New Member
jcv20
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.