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Does Turbotax Premier allow me to report rental property income?

I'm working on taxes and it says that I must upgrade to Turbotax Premium.  I am using Premier, which says Investments and Rental Property on the product cover purchased from Costco
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4 Replies

Does Turbotax Premier allow me to report rental property income?

Your post shows you are using the TurboTax Deluxe online edition which does not support Schedule E for rental properties.  You will need to upgrade to the Premium online edition for the Schedule E.

 

Or did you purchase and download the TurboTax desktop Premier CD/Download edition and have not installed the Premier edition on your personal computer?

JohnB5677
Expert Alumni

Does Turbotax Premier allow me to report rental property income?

Yes, TurboTax Premium is the correct place to enter rental property.  You may have TurboTax Deluxe.

Please check the top left corner, just under the red circle with the checkmark.

                             

You should be able to log in and start making entries.

  1. Log into TurboTax
  2. Go to Federal / Wages & Income
  3. Scroll down and select Rentals, Royalties, and Farm Income and expenses from rentals, patents, oil/mineral rights, and farm.
  4. If you have Premium you will be allowed to continue.
  5. If you have Deluxe it will ask you to upgrade.

Please contact us again with any questions, and provide some additional details.

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Does Turbotax Premier allow me to report rental property income?

Is there a black menu bar on the left side?  You are in the Online Deluxe version.  


Did you get the Desktop program CD or Download installed and activated with the 16 digit License Code? You seem to be in the Online version not the Desktop program you bought.


I see people all the time that have bought the CD/Download Desktop Software but then somehow ending up using the Online version and didn't know it. If that happened to you, you can move your Online file to the Desktop program and continue without paying for Online or needing to reenter your info.


Sorry you can't apply the Desktop CD/Download program and License Code to the Online version. They are separate prices and work different. So you need to get a refund for the Desktop program and pay for the Online version. Or switch to your Desktop program.


You need to install the program on your computer and move your online return to the Desktop program. How to install the CD/Download program with a License Code
https://ttlc.intuit.com/community/tax-topics/help/activating-turbotax-cd-download-software/00/852971


Then you can download the .tax2023 data file without paying for Online and continue in the desktop version.


First save your return as a tax data file from Online
https://ttlc.intuit.com/community/saving/help/how-do-i-save-my-turbotax-online-return-as-a-tax-data-...


See how to switch to the Desktop program,
https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-th...


After you get the program installed the first thing to do before you open your tax return is to update the program and install any state programs you had. Then open your file. So you first might need to start a fake return to be able to download the state program (go to FILE - NEW). Enter some basic information, then go to the state tab and download the state program. Then try to open your existing return, go to FILE - OPEN

 

Does Turbotax Premier allow me to report rental property income?

Install and Activate the Desktop program
https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-...


You should use the download method of installing instead of using the CD. It will be easier to install on another computer.


How to download Turbo Tax instead of using the CD 
https://ttlc.intuit.com/community/installing/help/i-bought-the-cd-but-my-computer-doesn-t-have-a-cd-...

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