AnnetteB6
Expert Alumni

Deductions & credits

There is not a specific category for 'operating expenses' on Schedule E.  All of the separate categories of expenses are considered to be operating expenses for a rental property.  This includes things like utilities, insurance, property tax, mortgage interest, management fees, advertising, and the list goes on.

 

As you go through the entries in TurboTax for Rental Income and Expenses, the separate categories are broken down for you to enter.  There is even a separate 'miscellaneous' category where you can enter an expense that was not covered in one of the other sections.  

 

Take a look at the following TurboTax help article to learn more:

 

What kinds of rental property expenses can I deduct?

 

@susanoday 
 

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