Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
pcliften
New Member

I made repairs to a rental property that I sold this year. Should the expenses be listed in "Rental Income" or "Sale of Home/ Depreciation

 
1 Best answer

Accepted Solutions
Marketstar
Level 7

I made repairs to a rental property that I sold this year. Should the expenses be listed in "Rental Income" or "Sale of Home/ Depreciation

Enter your repair expenses in the below area:

Type in rental property in the search box, top right of your screen, then click the magnifying glass

· Click the jump to rental property link in the search results.

· Follow the onscreen instructions

· Navigate to the Rental Summary page

· Scroll down the Expenses category, click Start or Update

· Navigate to the Enter Common Expenses page to make your entry

View solution in original post

ratings image
3 Replies
Marketstar
Level 7

I made repairs to a rental property that I sold this year. Should the expenses be listed in "Rental Income" or "Sale of Home/ Depreciation

Enter your repair expenses in the below area:

Type in rental property in the search box, top right of your screen, then click the magnifying glass

· Click the jump to rental property link in the search results.

· Follow the onscreen instructions

· Navigate to the Rental Summary page

· Scroll down the Expenses category, click Start or Update

· Navigate to the Enter Common Expenses page to make your entry

pcliften
New Member

I made repairs to a rental property that I sold this year. Should the expenses be listed in "Rental Income" or "Sale of Home/ Depreciation

The question wasn't how to enter the information. It was a question of what category to the expenses should be listed in.
Marketstar
Level 7

I made repairs to a rental property that I sold this year. Should the expenses be listed in "Rental Income" or "Sale of Home/ Depreciation

For repairs, your category will be found on the "Enter Common Expenses" page-second category, second column.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~