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  <channel>
    <title>topic Re: Unable to delete Miscellaneous expense in Get your taxes done using TurboTax</title>
    <link>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2651009#M950081</link>
    <description>&lt;P&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Section 465 (d) carryover refers to the at-risk rules of Section 465 of the Internal Revenue Code.&amp;nbsp; Your losses are limited to the amount you have "at risk" in the activity.&amp;nbsp; A&amp;nbsp;loss that was disallowed because of the at-risk rules is generally treated as a deduction from the same activity in the following tax year (a carryover).&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;You may have indicated that you were not completely 'at risk' in 2020 which may have caused this issue. Make sure you answer the 'at risk' question correctly based on your situation. &amp;nbsp;Check this out first before going further and review the images.&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;OL&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Open your TurboTax Return &amp;gt; Search (upper right) for&amp;nbsp;&lt;I&gt;&lt;STRONG&gt;rentals&lt;/STRONG&gt;&lt;/I&gt;&amp;nbsp;the Click the Jump to... Link.&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Edit beside your rental property &amp;gt;&amp;nbsp;&lt;STRONG&gt;Update&lt;/STRONG&gt;&amp;nbsp;beside&amp;nbsp;&lt;I&gt;&lt;STRONG&gt;General Property Information&lt;/STRONG&gt;&lt;/I&gt;&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Continue to the screen '&lt;I&gt;&lt;STRONG&gt;Do Any of These Situations Apply to This Property?&lt;/STRONG&gt;&lt;/I&gt;'&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Select the&amp;nbsp;&lt;STRONG&gt;checkbox&lt;/STRONG&gt;&amp;nbsp;next to '&lt;I&gt;&lt;STRONG&gt;I have at-risk losses carried over from 2020.&lt;/STRONG&gt;&lt;/I&gt;'&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;See the image below for assistance.&lt;/SPAN&gt;&lt;/LI&gt;
&lt;/OL&gt;
&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;The amount you see for Section 465(d) carryover is the amount of loss you weren't able to take last year, but &lt;I&gt;&lt;STRONG&gt;may be able to take this year.&lt;/STRONG&gt;&lt;/I&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;If you are certain you didn't have a&amp;nbsp;Section 465 (d) carryover&amp;nbsp;from prior years, you can clear this up by&amp;nbsp;adding a&amp;nbsp;negative '&lt;STRONG&gt;Miscellaneous'&lt;/STRONG&gt; expense&amp;nbsp; and describe it as &amp;nbsp;'&lt;STRONG&gt;Section 465 (d) carryover&amp;nbsp;offset' under the rental expense, Miscellaneous expense.&lt;/STRONG&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;For more information see IRS&amp;nbsp;IRS &lt;/SPAN&gt;&lt;A href="https://www.irs.gov/pub/irs-pdf/p925.pdf" target="_blank"&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;&lt;U&gt;Publication. 925&lt;/U&gt;&lt;/SPAN&gt;&lt;/A&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;&amp;nbsp;-&amp;nbsp;Passive Activity and At-Risk Rules.&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;At risk is a test that the IRS uses to see if you can deduct losses from certain investments and business interests that you own.&lt;/SPAN&gt;&lt;BR /&gt;&lt;BR /&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Basic Rule: &amp;nbsp;You can't deduct a loss from your investment or business interest if the loss doesn't actually cause you to lose money. &amp;nbsp;Money you've invested in your business that is not at risk can include:&amp;nbsp;&lt;/SPAN&gt;&lt;/P&gt;
&lt;UL&gt;
 &lt;LI&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Nonrecourse loans; that is, financing for which you're not personally liable.&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Cash, property, or borrowed amounts protected against loss by a guarantee, a stop-loss agreement, or a similar agreement.&amp;nbsp;&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Money borrowed from a person who has an interest in the business, other than as a creditor.&lt;/SPAN&gt;&lt;/LI&gt;
&lt;/UL&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/e612cab8-e077-4e94-9226-f6b1ec95d5ad.default.png" /&gt;&lt;BR /&gt;&lt;IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/20490873-34ea-43e6-ab10-ba55918ff424.default.png" /&gt;&lt;/P&gt;</description>
    <pubDate>Mon, 04 Apr 2022 20:18:56 GMT</pubDate>
    <dc:creator>DianeW777</dc:creator>
    <dc:date>2022-04-04T20:18:56Z</dc:date>
    <item>
      <title>Unable to delete Miscellaneous expense</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/unable-to-delete-miscellaneous-expense/01/2648557#M949175</link>
      <description>&lt;P&gt;The issue is with turbo tax premier (desktop). &amp;nbsp;&lt;/P&gt;&lt;P&gt;To help you get on the same page, the miscellaneous expense window has this instruction:&lt;/P&gt;&lt;P&gt;"Here are expenses you listed on your 2020 tax return. Make any changes or deletions for 2021 and then enter your 2021 amounts."&lt;/P&gt;&lt;P&gt;After I followed the instruction and deleted the amount for year 2020, the same amount comes back on the next line immediately.&amp;nbsp;It’s unbelievable that turbo tax actually prevents any changes or deletions (no matter what you do or how many times you tried to change or delete!&amp;nbsp; It's contrary to what the instruction says.&amp;nbsp; So, I’m stuck!&lt;/P&gt;&lt;P&gt;Help! Help!! Help!!!&lt;/P&gt;</description>
      <pubDate>Mon, 09 Mar 2026 12:00:44 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/unable-to-delete-miscellaneous-expense/01/2648557#M949175</guid>
      <dc:creator>frank1618</dc:creator>
      <dc:date>2026-03-09T12:00:44Z</dc:date>
    </item>
    <item>
      <title>Re: Unable to delete Miscellaneous expense</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2649601#M949553</link>
      <description>&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Please clarify what section of TurboTax you are working on and what version of TurboTax you are using. What type of Miscellaneous Expenses are you trying to delete?&lt;/SPAN&gt;&lt;/P&gt;</description>
      <pubDate>Mon, 04 Apr 2022 15:10:53 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2649601#M949553</guid>
      <dc:creator>PatriciaV</dc:creator>
      <dc:date>2022-04-04T15:10:53Z</dc:date>
    </item>
    <item>
      <title>Re: Unable to delete Miscellaneous expense</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2650017#M949719</link>
      <description>&lt;P&gt;Here are the answers to your questions,&lt;/P&gt;&lt;P&gt;1. Rental business&lt;/P&gt;&lt;P&gt;2. 2021 turbo tx premier&lt;/P&gt;&lt;P&gt;3. Section 465(d) carryover&lt;/P&gt;</description>
      <pubDate>Mon, 04 Apr 2022 16:40:42 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2650017#M949719</guid>
      <dc:creator>frank1618</dc:creator>
      <dc:date>2022-04-04T16:40:42Z</dc:date>
    </item>
    <item>
      <title>Re: Unable to delete Miscellaneous expense</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2651009#M950081</link>
      <description>&lt;P&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Section 465 (d) carryover refers to the at-risk rules of Section 465 of the Internal Revenue Code.&amp;nbsp; Your losses are limited to the amount you have "at risk" in the activity.&amp;nbsp; A&amp;nbsp;loss that was disallowed because of the at-risk rules is generally treated as a deduction from the same activity in the following tax year (a carryover).&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;You may have indicated that you were not completely 'at risk' in 2020 which may have caused this issue. Make sure you answer the 'at risk' question correctly based on your situation. &amp;nbsp;Check this out first before going further and review the images.&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;OL&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Open your TurboTax Return &amp;gt; Search (upper right) for&amp;nbsp;&lt;I&gt;&lt;STRONG&gt;rentals&lt;/STRONG&gt;&lt;/I&gt;&amp;nbsp;the Click the Jump to... Link.&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Edit beside your rental property &amp;gt;&amp;nbsp;&lt;STRONG&gt;Update&lt;/STRONG&gt;&amp;nbsp;beside&amp;nbsp;&lt;I&gt;&lt;STRONG&gt;General Property Information&lt;/STRONG&gt;&lt;/I&gt;&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Continue to the screen '&lt;I&gt;&lt;STRONG&gt;Do Any of These Situations Apply to This Property?&lt;/STRONG&gt;&lt;/I&gt;'&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Select the&amp;nbsp;&lt;STRONG&gt;checkbox&lt;/STRONG&gt;&amp;nbsp;next to '&lt;I&gt;&lt;STRONG&gt;I have at-risk losses carried over from 2020.&lt;/STRONG&gt;&lt;/I&gt;'&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;See the image below for assistance.&lt;/SPAN&gt;&lt;/LI&gt;
&lt;/OL&gt;
&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;The amount you see for Section 465(d) carryover is the amount of loss you weren't able to take last year, but &lt;I&gt;&lt;STRONG&gt;may be able to take this year.&lt;/STRONG&gt;&lt;/I&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;If you are certain you didn't have a&amp;nbsp;Section 465 (d) carryover&amp;nbsp;from prior years, you can clear this up by&amp;nbsp;adding a&amp;nbsp;negative '&lt;STRONG&gt;Miscellaneous'&lt;/STRONG&gt; expense&amp;nbsp; and describe it as &amp;nbsp;'&lt;STRONG&gt;Section 465 (d) carryover&amp;nbsp;offset' under the rental expense, Miscellaneous expense.&lt;/STRONG&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;For more information see IRS&amp;nbsp;IRS &lt;/SPAN&gt;&lt;A href="https://www.irs.gov/pub/irs-pdf/p925.pdf" target="_blank"&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;&lt;U&gt;Publication. 925&lt;/U&gt;&lt;/SPAN&gt;&lt;/A&gt;&lt;SPAN style="font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;&amp;nbsp;-&amp;nbsp;Passive Activity and At-Risk Rules.&lt;/SPAN&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;At risk is a test that the IRS uses to see if you can deduct losses from certain investments and business interests that you own.&lt;/SPAN&gt;&lt;BR /&gt;&lt;BR /&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Basic Rule: &amp;nbsp;You can't deduct a loss from your investment or business interest if the loss doesn't actually cause you to lose money. &amp;nbsp;Money you've invested in your business that is not at risk can include:&amp;nbsp;&lt;/SPAN&gt;&lt;/P&gt;
&lt;UL&gt;
 &lt;LI&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Nonrecourse loans; that is, financing for which you're not personally liable.&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Cash, property, or borrowed amounts protected against loss by a guarantee, a stop-loss agreement, or a similar agreement.&amp;nbsp;&lt;/SPAN&gt;&lt;/LI&gt;
 &lt;LI&gt;&lt;SPAN style="color:rgb(62,62,62);font-family:Arial, Helvetica, sans-serif;font-size:14px;"&gt;Money borrowed from a person who has an interest in the business, other than as a creditor.&lt;/SPAN&gt;&lt;/LI&gt;
&lt;/UL&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/e612cab8-e077-4e94-9226-f6b1ec95d5ad.default.png" /&gt;&lt;BR /&gt;&lt;IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/20490873-34ea-43e6-ab10-ba55918ff424.default.png" /&gt;&lt;/P&gt;</description>
      <pubDate>Mon, 04 Apr 2022 20:18:56 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2651009#M950081</guid>
      <dc:creator>DianeW777</dc:creator>
      <dc:date>2022-04-04T20:18:56Z</dc:date>
    </item>
    <item>
      <title>Re: Unable to delete Miscellaneous expense</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2674895#M960129</link>
      <description>&lt;P&gt;DianeW777,&lt;/P&gt;&lt;P&gt;Thank you for the helpful feedback&lt;SPAN class=""&gt;!&lt;/SPAN&gt;&lt;/P&gt;</description>
      <pubDate>Mon, 11 Apr 2022 11:49:27 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-unable-to-delete-miscellaneous-expense/01/2674895#M960129</guid>
      <dc:creator>frank1618</dc:creator>
      <dc:date>2022-04-11T11:49:27Z</dc:date>
    </item>
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