I have rented out my 2nd home every winter for 6 months for the past several years. I've always been able to deduct 50% of my expenses like condo fees, depreciation, repairs, and supplies on Schedule E, and 100% of expenses related to the rental like utilities, cleaning, and repairs. I do have 4 other rental properties and these calculated correctly.
I've been using Turbotax without difficulty for a long time. Now I'm using it for the 2019 tax year and I entered my expenses on the Schedule E worksheet. Turbotax disallows condo fees, repairs, supplies, etc, even though it says enter % if not 100%. It entered 0 on the amount transferred to Schedule E instead of the full amount.
I did not select "Owner Occupied Rental" as this seems to be for shared use, and the "Vacation Home Boxes" are blank where I could elect Tax Court Method or if I owned the property for less than one year. I indicated it was rented 185 days with 180 days of personal use. I adjusted the % business use on the Assett Depreciation Worksheet to 50% so the amount of depreciation shown is correct, but it also puts 0 as the amount transferred to Schedule E. Interest and Taxes are handled correctly, with 50% deducted on Schedule E and 50% transferred to Schedule A. It permits me to deduct 100% of the real estate commission. The disallowed losses are either in the vacation home disallowed column or the personal use column.
Sorry for being long winded, but I wanted to provide details that might help you show me what I'm doing wrong. Thanks in advance for your help!!!
I indicated it was rented 185 days with 180 days of personal use.
That might be the problem. Was the property classified as a rental for the entire 365 day tax year? If so, then your numbers are correct. But if it was classified as a rental for 185 days, then you have ZERO days of personal use "WHILE IT WAS CLASSIFIED AS A RENTAL".
You should not need to adjust the "business use" percentage.
Select Vacation or short-term in the Property Profile section and then enter the number of days of rented at a fair rental price and the number of days of personal use.