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Where do I enter expenses for rental property (e.g., condo maintenance fees) in TuboTax Web Deductions & Credits?

I would appreciate directions on how to jump to the section in TurboTax Web where I can enter rental property expenses for deduction purposes.

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Where do I enter expenses for rental property (e.g., condo maintenance fees) in TuboTax Web Deductions & Credits?

Note: If your rental property is located out-of-state, make sure you first set up that state properly in Personal Info. That way, when you do your state taxes, we'll be ready to go.

Now let's enter that rental:

  1. Go to My Account > Tools > Topic Search
  2. Type rentals in the search box and then click Go.
  3. Answer Yes to the question Did you have any rental or royalty income and expenses?
  4. Follow the on-screen instructions as you proceed through the rental and royalties section.
    • We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.) 
    • Eventually, you'll come to the Rental Summary screen which is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.

Tip: Rent is considered income in the year you received it, not the year it applies to. This means that a rent payment for the month of January 2017 collected in December 2016 is reported on your 2016 return.

If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.



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