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dlease
New Member

Incomplete Import of Rental and Royalty Income

I had a Rent and Royalty loss of $2,510 in 2022, but my 2023 TurboTax shows a $0 for 2022.  What's wrong and how do I fix this?  Thanks.

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1 Reply
JulieS
Expert Alumni

Incomplete Import of Rental and Royalty Income

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

 

If you are seeing the $0 on your income summary, it's probably because your loss wasn't an allowed loss. Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), you can't deduct your rental loss. 

 

Where do you see that the rental loss is zero for 2022?

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