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Get your taxes done using TurboTax
The entries should be:
- Click the Search magnifying glass in the upper right hand corner of the screen.
- Enter 'rental property'. Enter.
- Jump to rental property should be your first response. Click the hyperlink.
For a second way to enter rental properties in TurboTax Online, follow these steps:
- Down the left side of the screen, click on Federal.
- At the top of the screen click on Income & expenses.
- Under Your income and expenses, scroll down to Rentals, royalties and Farm. Click Show more to the right.
- Click Start / Revisit to the right of Rental Properties and Royalties.
Rental income is taxable and reported on Schedule E of the Federal 1040.
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March 1, 2021
2:30 PM