HelenC12
Expert Alumni

Investors & landlords

Last year you probably chose that you were a partial owner in the property. You indcated that TurboTax should do the math for you. You'll need to change the property ownership to 100% or type in 100% of the gross rent received for everybody, so it calculates only your share.

  1. Type rentals in the search bar and click on the Jump to link in the results box.
  2. Continue with the onscreen interview until you get to the Rental and Royalty Summary screen. Edit the rental property.
  3. On the Review Your XXX Rental Summary screen, Select Start/Update next to Property Profile. 
  4. Continue with the onscreen interview until you get to the Property Ownership screen. 
  5. Select Yes, XXX owned 100% of the XXX address. Continue with the onscreen interview until complete. 

 

 

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