why is my rental showing a negative net income when I felt it was positive

[pcleaners2]

first year owning it

[PatriciaV]

Your best option is to review Schedule E for your Rental Property. This schedule is included in your complete tax return.

Confirm that the income and expenses you entered are correct. If you added the rental property for depreciation, the depreciation expense may be reducing your net income. This is expected, as you are claiming a portion of the property cost each year that you use it as a rental.

If you're using TurboTax Online, you'll need to pay for your return before you can download all forms and worksheets as a PDF file. See Can I print a copy of my TurboTax Online return before I file it?

If you're using TurboTax for Desktop, click the Forms icon in the TurboTax header and find Sch E (address). Click to open the form in the large window.