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No, you have to claim all your rental income. You can then apply expenses, like your mortgage interest, to decrease the amount of rental income that is taxed.
To enter your rental:
Tip: Rent is considered income in the year you received it, not the year it applies to. This means that a rent payment for the month of January 2020 collected in December 2019 is reported on your 2019 return.
If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.
Source: TurboTax FAQ
No, you have to claim all your rental income. You can then apply expenses, like your mortgage interest, to decrease the amount of rental income that is taxed.
To enter your rental:
Tip: Rent is considered income in the year you received it, not the year it applies to. This means that a rent payment for the month of January 2020 collected in December 2019 is reported on your 2019 return.
If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.
Source: TurboTax FAQ
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