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colon4455
New Member

I own rental property and I do not see where I can indicate my expenses and repairs to my property in turbo tax

I have made major installation and repairs to the property. The 1099-K shows only the gross income but not the net income. How do I report these expenses in my Turbo Tax application? This my first year renting the property.
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1 Reply
SharonD007
Employee Tax Expert

I own rental property and I do not see where I can indicate my expenses and repairs to my property in turbo tax

You report your rental property expenses in the Rental Properties and Royalties (Schedule E) section of Income and Expenses.

 

Refer to the TurboTax Help article Where do I enter income and expenses from a rental property? for navigation instructions.

 

Refer to the TurboTax article What Is a Schedule E IRS Form?

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