If you purchased your multi-family in 2022 you will report it on next year's tax return. Rental income and expenses are reported on Schedule E.
To enter rental property in TurboTax follow these steps:
Sign in to your TurboTax account;
- Select the Wages & Income tab
- Scroll down to the Rentals, Royalties, and Farm Select Show more
- Select Start on the line for Rental properties and Royalties (Sch E)
- On the page Did you have any income from rentals or royalties? Check Yes.
- Select the Box for Rental property on the page What are you here to report?
- Follow the screen prompts to enter your rental information
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