The data entry is located in the rental section:
- Federal Taxes
- Wages & Income
- Rental Properties and Royalties - follow
the prompts, or use instructions Where do I enter income and expenses from a
rental property?
Note: If you rent your entire residence, you can deduct all your rental expenses. If you rent part of your residence and live in another part, your mortgage, real estate tax, and other expenses associated with the rental and home, must be divided between the rental section and personal residence section. You can do the allocation based on the square footage of rental and your home.
