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Updated almost 6 years ago,
Nicole Heasley BeitenmanPoster
#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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The advice Turbo Tax gave me doesn't make sense
We're in the process of looking for a CPA who specializes in RE, and we've read Amanda Han's book on taxes for REIs. In the meantime, I signed up for Turbo Tax Premier as my taxes are starting to get a little too complicated for me.
I own two rental properties that are not in an LLC or any other type of business entity. I have a few misc REI-related business expenses that do not relate directly to either property (BP books, REI networking costs, and we signed up for Fund&Grow in December). If I'm not filing a schedule C, where do those go? A TurboTax rep says I can't claim them, but that contradicts what reputable sources have told me.
TIA!