Investors & landlords


@salisbury-blake wrote:

...can I go through this process once by calling the property "29 house package" and inputting the income and expenses for all of it together? Or do I need to go through this process 29 times?


You should be aware that you need to make both the real estate professional election and the election to group all rental properties as a single rental activity pursuant to Treas. Reg. §1.469-9(g).

 

However, TurboTax does not support the election for real estate professionals to aggregate their activities. 

 

See item #3 under Schedule E: https://digitalasset.intuit.com/DOCUMENT/A6nHfmlMg/010220-2019-unsupported-calcs-L1FQfTTgn.pdf