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Investors & landlords
You will enter everything for your first rental and then return to the Rental and Royalty Summary page. Under the name of the property you just entered there will be a blue link. Click the blue Add Another Rental or Royalty link to go through everything for your second property. Repeat the process until they are all entered. Then, TurboTax will combine everything together to report all of the properties on Schedule E.
To go directly to the section of the tax return to enter information about rental income and expenses and get started for the first property, use these steps:
On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “rental income and expenses” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to rental income and expenses”
Click on the blue “Jump to rental income and expenses” link and enter your information