Rental property information, including that of a Real Estate Professional, is entered by the following steps:
- Select Income & Expenses,
- scroll down the page to Rentals, Royalties, and Farm,
- select Rental Properties,
- respond to the questions, and enter your rental property information,
- you will see a screen asking about the nature of your rental activities, such as how much time you devote to your rental activities,
- respond accordingly to all questions,
- based on your responses, TurboTax will determine whether you qualify as a Real Estate Professional.
Here is a link to IRS Publication 925 that you might find helpful. At page 6 is where you will find information relating to Real Estate Professionals.
Passive Activities and the At Risk Rules
@RJ39
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