You'll need to sign in or create an account to connect with an expert.
Do you report rental income on your return?
Yes I do report the rental income
You can deduct as a rental expense the part of the home mortgage interest and real estate taxes attributable to the rental portion of your home.
If you rent out 20% of your home, based on square footage, you can deduct 20% of those expenses.
When you enter the rental property, TurboTax will ask if it is part of your home, and walk you through the entries.
@Twa
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kishorchandra joshi
New Member
kishorchandra joshi
New Member
Karen1949
New Member
edwardpettinger
New Member
link888888
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.