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Level 1
July 7, 2022
Solved

Rental Real Estate

  • July 7, 2022
  • 2 replies
  • 39 views

I recently incurred a major plumbing repair of >8K for my residential real estate a mere 8 days before the property was sold.

How do I enter this disbursement in TT Deluxe. Using schedule E in form 1040.

    Best answer by Bsch4477

    Line 14 in Sch E is repairs. 

    2 replies

    Bsch4477Level 15Answer
    Level 15
    July 7, 2022

    Line 14 in Sch E is repairs. 

    Carl
    Level 11
    Level 11
    July 13, 2022

    If the property was still classified as a rental when you sold it and you reported the sale in the SCH E section of the program, just enter it as a repair expense. It'll show up on line 14 of the SCH E.