Search Help Topics:

There is a worksheet in the TaxAct® program, Vacation Home Limitation Worksheet, which shows the calculation for rental expenses allowed on Schedule E (Form 1040) Supplemental Income and Loss when the rental property is used for both rental and personal purposes.

The worksheet also calculates and tracks the amount of Operating Expenses and Depreciation allowed to be carried over to the following year's return due to this calculation.

To view this worksheet in TaxAct:

  1. From within your TaxAct Online return, click Print Center down the left to expand, then click Custom Print.
  2. Check what you wish to print (the top section contains individual forms or schedules and the bottom section contains documents or worksheets). You may need to scroll down in the section to locate the items.
  3. Click Print, then click the PDF link. Click the printer icon or the save icon (available when you hover your mouse over the PDF form) to print or save the PDF copy.

Note. If you see a message indicating you have not paid your return fees, click the View/Pay your return fees link, which will direct you through the Paper Filings steps. Continue through the screens until you have processed the payment for your product fees and then repeat the steps to print.

  1. Click Forms in the toolbar.
  2. Click to expand the Federal folder, then click to expand the Worksheets folder.
  3. Double-click Schedule E Vacation Home Limitation - Vacation Home Limitation.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


Was this helpful to you?