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If your rental property is located out-of-state, make sure you first set up that state properly in My Info (TurboTax Online) or Personal Info (TurboTax Desktop). That way, when you do your state taxes, we'll be ready to go.
To enter your rental:
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 2025 collected in December 2024 is reported on your 2024 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.
You can enter up to 45 rental properties in TurboTax.
Where do I enter income and expenses from a rental property?
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