We are military and used our vehicle for our rental properties in 2016. We were moved to the opposite coast for all of 2017 and were not able to use it for the rentals. We will be moving back this year and will again use it for our rentals in 2018. How should I record this for 2017?
You can just tell TurboTax that you had no Vehicle Expenses in 2017. Here's how:
In the Rental section, under Rental and Royalty Summary, click on Edit next to your property. You should see the Property Profile, Rental Income, Expenses, Assets/Depreciation and Vehicle Expenses. You can click Start next to Vehicle Expenses and then answer No to the next screen "Any Vehicle Expenses".
If you have an problems finding the Rental section follow these steps:
You can use it again for 2018, even though didn't in 2017.
You can just tell TurboTax that you had no Vehicle Expenses in 2017. Here's how:
In the Rental section, under Rental and Royalty Summary, click on Edit next to your property. You should see the Property Profile, Rental Income, Expenses, Assets/Depreciation and Vehicle Expenses. You can click Start next to Vehicle Expenses and then answer No to the next screen "Any Vehicle Expenses".
If you have an problems finding the Rental section follow these steps:
You can use it again for 2018, even though didn't in 2017.