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Investors & landlords
Add the income, as well as the expenses for producing it (repairs, utilities, etc.) to the rental income and expenses for your property in the Rental Income & Expense section of TurboTax.
In your own records, keep a separate accounting of what is rent form tenants, etc. and what is the rental income from the washer and dryer but they can be put together on the same Schedule E for tax purposes.
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‎July 5, 2020
1:11 PM