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boot2
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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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DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

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?

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-ex...

 

 

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1 Reply
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

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?

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-ex...

 

 

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