Rental property management fee

Last year I purchased a new house as a rental investment. Since it was a new house with builder warranty we decided to manage the house on our own.

1. How do I report the rent collected for this property since I don't have a 1099-MISC issued by any property manager?

2. How do I deduct the interest and any other expenses related to the property?

Best answer by MindyB

Here is how to find "Cash, checks, and electronic payments (like Square or PayPal)":

Navigate to Federal > Wages & Income > Rental Properties & Royalties> Start or Revisit
Answer the interview questions about the property
When you arrive at the screen "Let's enter the income for...", here you can choose "Cash, checks, and electronic payments (like Square or PayPal)"

Level 15

1. You can enter the rents under Cash, checks, and electronic payments (like Square or PayPal).

2. You can follow the TurboTax interview to enter your expenses. See Where do I enter income and expenses from a rental property?

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Level 4

Hello Mary,

Under which section of TT do I enter this: Cash, checks, and electronic payments (like Square or PayPal)

Level 13

Here is how to find "Cash, checks, and electronic payments (like Square or PayPal)":

Navigate to Federal > Wages & Income > Rental Properties & Royalties> Start or Revisit
Answer the interview questions about the property
When you arrive at the screen "Let's enter the income for...", here you can choose "Cash, checks, and electronic payments (like Square or PayPal)"