The Federal Refund Meter in the TurboTax header is a rough estimate of how your taxes change as you make entries into your return. There are many calculations that factor into the result you see. Until you actually complete the final review and are ready to e-file, you won't know your refund situation. Even then, your final taxes may be different on your return than on the Refund Meter.
That said, it's possible you may have encountered some Passive Loss Limitations now that you've been reporting rental activities for several years. You might check the Schedule E Worksheet for your property, under Activity Summary Smart Worksheet. (This is a TurboTax supplemental schedule and not an IRS form.)
If you're using TurboTax Desktop, click on the Forms icon and look for Schedule E Wks for the property you've held the longest. The Active Summary Worksheet is shown about 3/4 way down the sheet. Any calculations in the Regular Tax column may show you had loss carryovers that offset your current year income.
If you're using TurboTax Online, you'll need to pay for your return and download all forms in PDF format. Be sure to select all forms and worksheets so you can review the Schedule E Wks and the Active Summary Smart Worksheet.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
