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Level 2
posted Mar 31, 2025 11:29:49 AM

I have entered my 1099-K from Airbnb but Turbo Tax is not making Schedule E available to list my Expenses from this vacation rental property.

Why is Turbo Tax not allowing deductions of rental property expenses from income?

0 4 1250
4 Replies
Expert Alumni
Mar 31, 2025 1:24:35 PM

Are you reporting rental activity in TurboTax Online or TurboTax Desktop?  What deductions are you trying to report that are not being allowed?

 

I recommend establishing the rental activity on Schedule E Supplemental Income and Loss first and then reporting the income into the rental activity.  The IRS form 1099-K amount may then be reported as a separate income source and be easily identified.

Level 2
Mar 31, 2025 4:28:58 PM

Schedule E is exactly what I expected after entering my 1099-K for rental income. The algorithm did not ask if I have expenses. I called into Turbo tax to speak with someone and she didn’t understand why I needed a schedule E. She hung up on me. I cleared my entries for 2024 and will find a professional. 

Expert Alumni
Apr 1, 2025 7:06:44 AM

In TurboTax Premium Online, add expenditures by following these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages & income.
  • Click the down arrow to the right of Rentals, Royalties, and Farm.
  • Click to the right of Rental Properties and Royalties.
  • At the screen Your 2024 rentals and royalties summary, select the pencil icon to open the rental activity.
  • At the screen Here's rental property info, select Add expense or asset to report expenditures.

@morley-charlotte 

Level 2
Apr 1, 2025 9:42:44 AM

James thank you so much! I will start over and get it done today. May your day be blessed!!!