New Member

posted Mar 22, 2025 1:22:31 PM

If I am taking a standard deduction, but I have a rental property, do I have to list the expenses that come with that property in addition to the income?

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1 Best answer

Level 15

Mar 22, 2025 1:27:20 PM

Yes. All income and expenses for the rental property are entered on Schedule E.

See this TurboTax support FAQ for entering rental property income and expenses - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-income-expenses-rental-property/L5swpaUBt_US_en_US?uid=m8knthy7

1 Replies

Level 15

Mar 22, 2025 1:27:20 PM

Yes. All income and expenses for the rental property are entered on Schedule E.

See this TurboTax support FAQ for entering rental property income and expenses - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-income-expenses-rental-property/L5swpaUBt_US_en_US?uid=m8knthy7