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melmegjer
New Member

Why are my rental property expenses not showing up on Schedule E?

nothing is showing up on Schedule E
2 Replies
view2
New Member

Why are my rental property expenses not showing up on Schedule E?

1. Review the days rented  and ensure that is all you entered.[personal uses days  activates severely tax limitations of expenses]

2.Ensure you mark actively participation.[The term "active participation" is a less stringent standard] 

3.Lack of rental  income sufficient enough to offset  expense.[depreciation  is taken last, but only to the extent gross income exceeds the expenses for the  general activity.]

4. Input errors as to dates and asset basis .

MABoley
New Member

Why are my rental property expenses not showing up on Schedule E?

I am renting a room in a home I live in every day of the year. It won't let me select that I am using it and renting a room on the form. How can I fix this or do I need a different form? 

 

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