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Rental income

Where do I report rental income losses?

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Rental income

To enter your rental:

  1. In TurboTax, search for rentals and select the Jump to link at the top of the search results.
  2. Answer Yes to the question Did you have any rental or royalty income and expenses in 2019 for property you own?
  3. Follow the on-screen instructions as you proceed through the rental and royalties section.
    • We'll ask you to enter general information about your rental (like description, address, and ownership percentage).
    • 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.

Rental income

 I had expenses such as house insurance, property taxes, mortgage interest, etc., but received no rent income. Do I list that as 0.00 income or as a negative number based on fair market monthly rent times 12 months

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