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New Member
posted Mar 24, 2025 9:18:29 PM

I own rental property and I do not see where I can indicate my expenses and repairs to my property in turbo tax

I have made major installation and repairs to the property. The 1099-K shows only the gross income but not the net income. How do I report these expenses in my Turbo Tax application? This my first year renting the property.

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1 Replies
Expert Alumni
Mar 24, 2025 9:27:49 PM

You report your rental property expenses in the Rental Properties and Royalties (Schedule E) section of Income and Expenses.

 

Refer to the TurboTax Help article Where do I enter income and expenses from a rental property? for navigation instructions.

 

Refer to the TurboTax article What Is a Schedule E IRS Form?