On the Schedule E in ProSeries, there is a box to enter an Owner-Occupied Rental's percentage of rental use. When I use this option, the program properly reduces the expense to the percentage entered, but it does not limit the overall deductible loss to zero as it should since this is an owner occupied rental. Is this a glitch?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
How are you defining owner occupied?
Duplex where owner lives in one side?
Vacation home property subject to 280A?
Something else?
Owner resides in a single-family residence and rents out a portion of the home to another tenant. It is not a duplex.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.