Tag Archives: turbotax

TL;DR: If you file in multiple states and have rental property in TurboTax Desktop, check your Asset Entry Worksheets. TurboTax may silently add state depreciation entries for every state on your return, not just the state where the property actually exists. The fix: go to the Asset Entry Worksheet, scroll to the State Depreciation section, and set “Include asset in state return” to No for any state where the property is not located. The Problem I have a commercial rental

TL;DR: If you’re entering rental income (or other dollar amounts) in TurboTax and the amount vanishes when you click Continue, the fix is to open the supporting detail worksheet FIRST (by clicking in the field and starting to type) not trying to paste an amount into the field! The Problem You’re updating your Schedule E rental income for the current year. You click into the “Other income not on a 1099-MISC or 1099-K” field, paste your amount, and it shows