You may need to upgrade to Premier to see it.
- Search for rentals and then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses?
- We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- Eventually, you'll come to the Rental Summary screen which is where you enter your:
- Rental income
- Rental expenses
- Capital assets and depreciation
- Vehicle expenses
If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.
