529894
If I input 365 years on the system and allocate the expenses manually, I can get a loss. But if I put 245 days in, I cannot as expenses are always matching income, which makes no sense because I'm a Real Estate agent.
You'll need to sign in or create an account to connect with an expert.
Being a real estate agent makes no difference at all. If there was personal use then everything is allocated. If there was no personal use, then your entries were incorrect because you should have said that business use was 100%, meaning there was no personal use once you started renting it.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
msislamnre
New Member
pnberkowtaxes201
New Member
Kimrnmadison
Returning Member
user17538710126
New Member
nitinmeghrajani
New Member