- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Unfortunately, income from
Schedule E does not qualify for the home office deduction, as the IRS
considers rental property income as passive.
For this reason, there is no Home Office section for Schedule E in TurboTax. If you entered your home office information under the Business tab, you must also report Business Income for Schedule C. In some cases, rental activity does qualify as Schedule C activity (for real estate professionals). In this case, you would be able to take the Home Office Deduction.
To qualify for a home office deduction you must have a trade or business (Schedule C), a farm/ranch (Schedule F), or be an employee who is required by the employer to maintain a office in their home.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 1, 2019
1:58 AM