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Where do I deduct expenses like linens, toilet paper, curtains . . . I'm filling out Schedule E for the first time for a vacation rental Very confused as to where to put different expenses Does furniture go under assets that are depreciated? What about all the things I bought to decorate the rental with? What about sheets and towels and bedspreads Also, toilet pap
Schedule E worksheet carryovers to 2024 Smart Worksheet Under Schedule E worksheet carryovers to 2024 Smart Worksheet For property A, Line G Schedule E suspended loss -$17,227, which is correct But for property B, it fails the smart check and looking at the worksheet, turbotax has this figure -$15,341, which is wrong I believe this is a turbotax bug Pls help!
Solved: Short-Term Rental – Schedule E or Schedule C? - Intuit Short-Term Rental – Schedule E or Schedule C? Hello, I’ve been receiving conflicting advice on whether to file my Airbnb income and expenses on Schedule E or C My wife and I have a cabin used exclusively for Airbnb It was rented for 184 days in 2022, with an average stay of 2 14 days We both actively participated in the operation of the
Rental Property Schedule E Deducting for Personal Use As an example, $10,000 was the actual property tax expense paid in 2024, but $8500 is listed as an expense on Schedule E line 16, due to the personal vs renter use There is also $1500 listed on Schedule A, Line 5b
What expenses can I deduct in Schedule E and what is Qualified . . . - Intuit The actual amount paid to me by the management company is less than what is listed on the 1099 because of the expenses that were subtracted Perhaps I wasn't clear in my earlier post If the 1099-MISC shows the amount of rent collected from the tenant, and it is more than what the management company actually paid to you, then you *CAN* claim deduct those expenses paid by the management company
Schedule E - ttlc. intuit. com Schedule E page two will list income reported on a Schedule K-1 Page one would list rental or royalty income If you don't have either of those, you can delete the schedule E as follows: 1 Choose the Tax Tools option on your left menu bar while working on your return 2 Choose Tools 3 Choose the Delete a form option under Other Helpful links 4
Solved: Schedule E vs Schedule C - ttlc. intuit. com Last year I filled schedule E with 1040 what would it take to change to schedule C? In other words, what makes the difference between Schedule E Schedule C? What is a scenario or example for each?
Should I report my rental on Schedule E or Schedule C? - Intuit However, if you provide "substantial services" to your tenants or your real estate business generates rental income, use Schedule C: Profit or Loss from Business Properties rented through a corporation or partnership (including LLCs taxed as such), report rent-related income and expenses on the business's return
Where to include De Minimis Safe Harbor expenses on Schedule E. Where to include De Minimis Safe Harbor expenses on Schedule E Wondering whether there are any specific requirements or best practices as to where to put the actual expenses on Schedule E Whether to: (a) Roll all De Minimis expenses in with other expenses as part of the Repairs amount on Schedule E (b) Use the 'Other Expenses' line