property type code for residence used as a rental

[earlmdawley]

what is the code?

[TeresaM]

For use in Section 1 of Schedule E, the type of property codes are:

1 Single Family Residence  

2 Multi-Family Residence (apartment or duplex)

3 Vacation/Short-Term Rental 

4 Commercial 

5 Land only

6 Royalties 

7 Self-Rental (renting to own business)

8 Other (any other type of property and you can enter a description)

If you are renting a single family home, then it will be Code 1. 

[earlmdawley]

The answer differed from the Turbo tax (Home and Business) allowed responses, and differed from Turbo taxes stated criteria for each response.

[TeresaM]

This is a copy of the screen when entering a rental property in TurboTax Desktop Home and Business. It matches the property types listed on Schedule E.

What kind of property are  you renting? If it does not seem to fit one of these categories, please share some information so we can better assist.

[earlmdawley]

not the same in my copy

[earlmdawley]

and as I said there is no ability to enter other than 1 thru 4 and some where it said that 1 could not be a rental

[MarilynG1]

If you could post a screenshot of what you are seeing, we'll try to help.

@earlmdawley