JamesG1
Expert Alumni

Get your taxes done using TurboTax

@afp3013afp

 

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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