Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 5:53:21 PM

If i entered oil and gas working interest (1099 Misc), how can I show the expenses for that working interest in TurboTax Deluxe?

0 1 911
1 Replies
Level 3
Jun 4, 2019 5:53:24 PM

Turbo Tax Deluxe supports a Schedule E.

To get there:

1.  Click Federal Taxes across the top.

2.  Click Wages & Income across the top.

3.  Click I’ll choose what I work on.

4.  Scroll down to Rental Properties and Royalties.

5.  Click Start or Update by Rental Properties and Royalties (Sch E).

Here you'll enter income and expenses during the interview.