@mparomitaa , assuming you are talking about property that you are renting out ( rental income property ), you report income, expenses and depreciation on Schedule -E. Under wages & income or Personal income tab, choose rental income from the list of types of income. There are small differences in exactly where you would find this , depending on the version / type ( on-line or Windows download ) but you report this on Schedule-E.
Or are you talking about your own place/home where you are paying rent ? This is personal expense and is not deductible.
