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Investors & landlords
Even if you do not own the property, you would include your rental income on Schedule E.
Go into your TurboTax return. Not sure you're in there? Click on the orange Take me to my return button.
- Search for rental expenses and then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses?
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
- Eventually, you'll come to the Rental Summary screen which is where you enter your:
- Rental income
- Rental expenses
@ jaa1805
March 30, 2020
7:15 AM