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Investors & landlords
No, your rental income should be entered on Schedule E instead of in Less Common Income
If your rental property is located out-of-state, make sure you first set up that state properly in Personal Info. That way, when you do your state taxes, we'll be ready to go.
To enter your rental:
- Open or continue your return, if you haven’t already
- Locate the Search bar in the upper right of your screen. Search for rentals and select the Jump to link at the top of the search results
- Answer Yes to the question Did you have any income from rentals or royalties?
- On the next screen, Let's see if you're a real estate professional, select any options that apply to you.
- On the screen What are you here to report?, select Rental property and Continue
- If you have more than one rental property to report, no problem—just start with one, and we’ll come back to the other one(s) later
Review the additional guidance provided below:
Where to Enter Income and Expenses for Rental Property
How to Claim Income from Renting a Room
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February 15, 2023
2:16 PM