To add your rental property as an active investment in TurboTax.
- Open or continue your return.
- Navigate to the rentals section: Search for rentals using the magnifying glass at top right of screen and select the Jump to link.
- Answer Yes to the question "Did you have any income from rentals or royalties?" Or click the pencil to edit an existing rental;
- On the next screen, "Let's see if you're a real estate professional," select any options that apply to you.
- On the screen "What are you here to report?", select "Rental property" and Continue.
- If you have more than one rental property to report, no problem—just start with one, and we’ll come back to the other one(s) later.
- Eventually, you will come to the question, "Was it rented every single day?" Then, "Are you an active participant in managing the property?" If both of these apply, select Yes.
- On the following screens, enter all the info we need about your rental property, including a description of the property, your rental income, any expenses and assets, and other less common situations about your rental.
