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Level 2

Question

Real Estate Professional in TurboTax 2024

Forum|Forum|2 years ago
February 22, 2024
2 replies
1 view

I cannot see an option to identify myself as Real Estate Professional in TurboTax 2024

Level 15

Follow these steps to identify as a Real Estate Professional.

In TurboTax Online,

Select Federal down the left side of the screen and Wages and Income.
Select Edit/Add to the right of Rental Properties and Royalties.
At the screen Your 2023 rentals and royalties summary, select Edit to the right.
To the right of Rental property info, select Edit to the right.
Real estate professional is found at the bottom of the page. Select Edit.

In TurboTax Desktop,

Select Federal Taxes. Click Continue and I'll choose what I work on.
Scroll down to Rental Properties and Royalties.
Select Start/Update to the right of Rental Properties and Royalties.
At the screen Let's see if you're a real estate professional, make the selection.

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cuttothechaseAuthor

Level 2

I want to do it for K-1 as in 2022 there was an option and there is no option in K-1 2023. As a result my taxes are not calculated correctly.