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New Member
posted Apr 1, 2021 7:31:18 AM

Im entering in my expenses for my rental home. Turbotax is adjusting the amount after I save. It didnt do that last year

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1 Replies
Expert Alumni
Apr 1, 2021 12:24:33 PM

It depends on how you enter your information. it sounds like Turbo Tax is allocating expenses in your rental home These may be some of the reasons why this allocation is taking place. Check your entries thoroughly. 

  1. Did you indicate you are less than a 100% owner? When you enter expenses, if you are less than 100% owner, It will adjust the expenses in accordance to ownership percentages.
  2. Also, if you rent out part of your home, then Turbo Tax may have allocated the portion of the house that is rented.
  3. Sometimes it can be as simple as a checkmark that may have been inadvertently checked. Check your Property Profile thoroughly in the Rental Summary page