I have inputted my rental income the same from previous year (TurboTax Deluxe) and see last year's input. However, when I am inputting the data in Home & Business Section, the program has my input correctly but when reviewing the summary, only shows my expenses with income as zero. Note, the income is 4x greater than expenses. Could not find in knowledge center.
Kindly request advice.
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Are you sure you have entered the rental income in the correct section. It may be with Other Common Income and not yet linked to your Schedule E. Click on Forms in the upper right hand corner of your Home & Business software and see if the income is reported on your Form 1040.
You may need to link any 1099 forms to your Schedule E. Your rental income should show up under the Business tab, but you may have them listed under the Personal tab if they are not yet linked to your rental property on Schedule E. Check the Personal tab and see if you see the income there. If so, you can link that income to your rental property.
How to report rental income and expenses - Here are the full instructions for rental property reporting.
Thank you. I was able to input rental income.
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