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and-mber
New Member

Renting for a year, want to add in?

-I- am Renting a townhouse $625 a month. Wondering if I can add it? Selected that option in the beginning but nothing came up now. And I'm a first timer for turbo tax so idk exactly what I'm looking for.
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Renting for a year, want to add in?

Rent for your personal residence is not deductible on your federal tax return and is not entered on the federal return. Some states have a renter's credit, if yours does, it will be covered in the state interview when you prepare your state return.

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4 Replies

Renting for a year, want to add in?

Please explain. Are you paying rent for it for you residence? Or are you getting rental income from a tenant to whom you rented it?
and-mber
New Member

Renting for a year, want to add in?

Updated. ^ 🙂
and-mber
New Member

Renting for a year, want to add in?

Ok. Thanks. I didn't figure I could but when I saw rental I just wanted to read of it at least. Thanks.

Renting for a year, want to add in?

Rent for your personal residence is not deductible on your federal tax return and is not entered on the federal return. Some states have a renter's credit, if yours does, it will be covered in the state interview when you prepare your state return.

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