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Investors & landlords
No. You do not enter your rental income twice in the program.
You will first start from the Form 1099-MISC section to report income. Then you will go to the Schedule E section to enter any expenses if there are any. If you do not have any rental expenses, you don't need to revisit the Schedule E. You only need to enter your rental income once under the Form 1099-MISC section.
To enter the Form 1099-MISC rental income in TurboTax Premier online program, go to:
1. Sign in to your account and select Take me to my return
2. Across the top, select Federal Tax / Wages & Income
3. Scroll down to Other Common Income 1099 MISC , select Start to follow the prompts
To enter your rental expenses, follow these steps:
1. At the right upper corner, in the search /Find box , type in schedule e and Enter
2. Select Jump to rental ( schedule e)
3. Income from Rentals or Royalty Property You Own- select Yes to proceed
4. On screen, Rental and Royalty Summary, under your (already-entered from 1099-MISC section) rental property, select Edit to enter expenses. See attached screenshot