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Investors & landlords
2 ways to do it:
1) Go to "Forms" (top right of screen)
You list the gross amount (rent) $1100 on Schedule E Line 3.
Taxes on Schedule E Line 16
Insurance Schedule E Line 9
or:
Step by Step:
Wages and Income, Scroll down to "Rental Properties and Royalties",
Do you want to review your Rental and Royalty information? yes
2 clicks later, under Rental and Royalty Summary, list the rental property or edit if already listed, you can enter the rent amount under "Rental Income" Insurance and Taxes (from Form1098 from your Mortgage Co) under Expenses.Note:-if you received a 1099 misc from a Property Management Company, enter it under 1099 misc and other income (4th item down under Wages and Income). Hope this helped.
1) Go to "Forms" (top right of screen)
You list the gross amount (rent) $1100 on Schedule E Line 3.
Taxes on Schedule E Line 16
Insurance Schedule E Line 9
or:
Step by Step:
Wages and Income, Scroll down to "Rental Properties and Royalties",
Do you want to review your Rental and Royalty information? yes
2 clicks later, under Rental and Royalty Summary, list the rental property or edit if already listed, you can enter the rent amount under "Rental Income" Insurance and Taxes (from Form1098 from your Mortgage Co) under Expenses.Note:-if you received a 1099 misc from a Property Management Company, enter it under 1099 misc and other income (4th item down under Wages and Income). Hope this helped.
May 31, 2019
9:40 PM