Filling in info on my rental property but the site isn't adding the detail, but stays at $0.00. Does this have to do with the Tax IRS selection?

I was able to add detail but now its saying "not started' but I have filled in the costs. Is there something wrong with the website?

396

Expert Alumni

Apr 4, 2022 5:37:22 AM

The Rental section can seem a bit tricky.

If this is the first year, you need to add the property (type, cost, date purchased) in Property Profile

THEN go to the Rental and Royalty Summary screen and select EDIT

Now scroll down to Income, then next Expenses

Continue through this interview and you should see a "Your Profit or Loss Results So Far" screen

Continuing again you can view the year's summary for the rental

This may or may not affect your tax due or refund shown at the top of the screen. THAT number is based on your entire return, not just your rental.