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New Member
posted Jun 6, 2019 7:53:14 AM

How to report a cash short fall on rental property?

rental property's expenses exceeded the rental income received. Which form do I report this on?

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1 Best answer
Alumni
Jun 6, 2019 7:53:17 AM

All rental income and expense is reported on Schedule E. Just follow the Turbotax rental interview.

4 Replies
Level 15
Jun 6, 2019 7:53:16 AM
Alumni
Jun 6, 2019 7:53:17 AM

All rental income and expense is reported on Schedule E. Just follow the Turbotax rental interview.

Level 15
Jun 6, 2019 7:53:19 AM

and remember that mortgage principal is not deductible.

Level 15
Jun 6, 2019 7:53:20 AM