Rental property expense showing "Not started" even after entering expenses?

[DianeW777]

If you are using TurboTax Online, the following my be helpful. In this situation, first please try clearing the cookies and cache.   It handles many issues that seem nonsensical on a regular basis with online activity. 

• Close your TurboTax return first.

Watch to be sure you are selecting 'all time' as example.  Do not use selections like 'last hour' for those browsers that give  you options.

• How to clear your cache

Once this is complete open your return and try again.

If you are using TurboTax Desktop, save your return, then at the top select Online, then Check for updates.

There are a couple of critical areas such as whether you have said you are renting at 'fair rental value' (FRV) and whether you are renting for a profit. Also, if your income is over the threshold for allowing any passive losses that could also be a factor.

Phaseout Rule: The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that’s more than $100,000 ($50,000 if you’re married filing separately). If your modified adjusted gross income is $150,000 or more ($75,000 or more if you’re married filing separately), you generally can’t use the special allowance. This is because the special allowance is reduced to $0 since the modified adjusted gross income is over the $100,000 amount.

• Sign into your TurboTax return > Search (upper right) > Type rentals > Press enter > Click on the Jump to... link > Edit next to the Rental Activity  > Edit next to the Property Profile or General Info > Continue to the question about active participation
• Continue to the end of the section for TurboTax to save your changes.

It's best to print your return to review the details and see if they are what you expected. 

You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready.

• Can I print a copy of my return in TurboTax Online before filing?

If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.

[SNG1121]

Thank you @DianeW777

Is it also driven by how many days does one rent the property? If it is rented 100% of the time during last year then expenses and I put 0 personal days these expenses show up... Just to try this theory out, I changed the personal number of days to 0, all expeneses showed up. Can you confimr this theory?!

[DianeW777]

Yes, they are deductible and you should select rented all year. Zero days of personal use is best the first year as long as you allocate the appropriate expenses that are both personal use and rental use for the year.  The day of conversion to rental is the date placed in service and every expense is allowed from that day forward assuming the rental is full time from that point forward. If necessary you can determine the percentage of items such as mortgage interest, real estate taxes and insurance to enter only the amount for the rental period.

When you enter the rental property asset TurboTax will calculate the depreciation based on the date placed in service.