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New Member
posted Apr 8, 2019 10:51:03 AM

Showing a net profit on a rental

I am showing a profit on a rental but the mortgage is more than the rent. How is this?

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1 Best answer
Level 15
Apr 8, 2019 1:06:23 PM

3 Replies
Employee Tax Expert
Apr 8, 2019 12:08:44 PM

Did you rent part of a home and chose to have TurboTax allocate expenses? If so, under the property profile section indicate you rented part of your home, then on to days rented, and then you will see the page to allocate expenses.

 

If this is not your case, review your entries for rent in the mortgage expenses.

New Member
Apr 8, 2019 12:22:18 PM

it has been a long term rental with a few maintenance calls last year.

Level 15
Apr 8, 2019 1:06:23 PM