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Rental property expense

Turbo Tax added an extra expense under line 19 of Schedule E.  It says "vacation home c/o" $940.  I did not manually enter this information.  My rental property was used as a rental all year, 365 days, no personal use days.  However, there were some personal use days for this property a few years ago.  What does this "vacation home c/o" expense stand for?

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1 Reply
AnnetteB6
Expert Alumni

Rental property expense

Vacation home c/o stands for vacation home carryover.  This would represent an expense from a prior year that was not allowed or deducted.  

 

From TurboTax help content:

 

If the Vacation Home Loss Limitation Rules did not allow the deduction of all expenses last year because of the rental income limit, enter these amounts on the Carryovers to 2023 Smart Worksheet below.
 

The amount should be shown on your Schedule E worksheet for the rental property in your 2022 tax return.  

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