posted

When I enter repair expenses for a rental property, my federal tax is increasing. why?

My Federal tax is increasing as i add repairs for a rental property. shouldn't it go down?

1 Reply

When I enter repair expenses for a rental property, my federal tax is increasing. why?

It might be due to the way EIC is calculated, but you are required to claim all of those expenses.

Found what you need?

Already have an account? Sign In

(4.6/5 | 291,310 reviews)

Top help articles

view all

Where do I enter or import a 1099-B?

When do I need to include my 1099-B with my re...

How do I find a stock's cost basis?

Still have questions?

Make a post

Or browse the Forums

v

ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~