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goldman09
New Member

Where do I enter RENT RECEIVED ?

 
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5 Replies
Anonymous
Not applicable

Where do I enter RENT RECEIVED ?

for what?  do you have rental property (real estate/personal property) or are you renting out something you own that is used in your self-employed business?  please clarify. 

goldman09
New Member

Where do I enter RENT RECEIVED ?

I am renting out my personal home. I received a 1099-Misc. that covered a potion of the rent. Where do I enter the amount that the renters paid by check?

JohnB5677
Expert Alumni

Where do I enter RENT RECEIVED ?

You will need TurboTax Premier or higher to enter thie.

We will be putting in the INCOME section of the return:

  1. Go to INCOME
  2. I'll choose what I work on
  3. Rental Properties and Royalties
  4. Yes you had income from Rentals
  5. Select None of the above
  6. Enter Property Description it can be My Home
  7. Enter the Address
  8. Continue through several questions
  9. When it comes to the question  are you an active participant.- Yes
  10. You will finally come to Review yout (Property Address) Rental Summary
  11. You can enter Rental Income and Expenses here.
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jsjake
New Member

Where do I enter RENT RECEIVED ?

I received rents paid in advance for 2020 paid in2019 and on 1099 form for the full amount but only was paid thru the end of 2019

JamesG1
Expert Alumni

Where do I enter RENT RECEIVED ?

To report rental income:

  • Down the left side of the screen, click on Federal.
  • At the top of the screen click on Income & expenses.
  • Under Your income and expenses, scroll down to Rental properties.
  • Click Start to the right.

Rent payments received in 2019 are reported on the 2019 tax return.  See here.

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