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mando_dan
New Member

How do I account for moving out of my owned rental property into a new house?

I rented out an apartment (Unit 1) from my primary residence from Jan. 1 to July 31 (I lived in unit 2) at which point I bought a new house and moved into it. I then continued to rent unit 1 and then began renting unit 2 from Oct. 1 to Dec. 31. I don't see where I can account for this change anywhere in the Premiere version of TT. Please help- I'm at my wits end. Thank you.


1 Reply
Leonard
Intuit Alumni

How do I account for moving out of my owned rental property into a new house?

You will have to enter unit 2 as a new rental property on Schedule E to report your income and expenses for unit 2.  To add your new rental in TurboTax Premier enter Schedule E in the find box then select Jump to schedule e in the Top Questions box. Follow the prompts to the page Rental and Royalty Summary.  Check the box Add Another Rental or Royalty.  Follow the program prompts to add your new rental unit.  

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