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Where do I claim rental income on turbo tax? Do I need a different turbo tax process than the regular one?

 
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2 Replies

Where do I claim rental income on turbo tax? Do I need a different turbo tax process than the regular one?

If you are using online TurboTax you will need Premium in order to enter rental income.   If you are using the desktop download software you can use any version, since every version of desktop software has all the forms and schedules.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
MayaD
Expert Alumni

Where do I claim rental income on turbo tax? Do I need a different turbo tax process than the regular one?

You need to report your rental income and any qualifying deductions on Schedule E, Supplemental Income and Loss. You can deduct ordinary and necessary expenses you incur to place your rental property in service, manage it and maintain it, even if the property is temporarily vacant.

Where do I enter income and expenses from a rental property?

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