Rental Income

ShellyP2 — Mon, 14 Apr 2025 18:17:57 GMT

I've been using Turbo Tax Standard for many years. Last year, I had tons of trouble with the Rental Income schedules and I had to re-do them many times. I decided to upgrade to Premium this year to see if it was any better, but there is no apparent difference between the two.

For background, my husband and I split the income on 2 of our rental properties, but the 3rd one, is completely his income. I find TT doesn't synchronize the data well between our returns, especially when edits are required. Some examples:

It will add CCA to one of our statements, but not the other.
On occasion, it will not carryforward CCA.
It provides a numbered list of rental returns (eg #1, #2, #3) on some drop downs, but on others, it goes by the property name. So, this presents a challenge in keeping the rental statements in the same order, as it's hard to know which is which. And TT seems to require them to be in the same order, or it screws up the data.
This year, I rolled forward the prior year files and entered the data for the 2 shared rental properties. I then entered the unshared one. When I did a comparison, the 2 shared incomes didn't match. When I went back into one to edit, it didn't carry these edits to the other. Then it seemed one of the shared disappeared off a drop down but still seemed to exist in other areas. I also tried switching into the forms method from the easy step method, but after entering all the data in the forms, I returned to easy step and it wiped out most of the changes I had made!

I can't figure out what steps to take to avoid this frustrating mess. The only thing I can think to do is to delete them and start over using forms and not easy step. Anyone have any suggestions And, how do I bring this to the attention of the programmers to request these issues be addressed?

Thanks for any suggestions you have.

Shelly

Re: Rental Income

TurboTaxAniqua — Tue, 15 Apr 2025 15:46:30 GMT

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topic Rental Income in Investors and rental owners

Rental Income

Re: Rental Income