topic If I have a rental property, does it get listed in business or personal section? in Investors & landlords

If I have a rental property, does it get listed in business or personal section?

suzgarcia1107 — Sat, 01 Jun 2019 18:08:11 GMT

I am self employed, but this rental property has nothing to do with my business.

In TurboTax, you will be using TurboTax Premier Online or...

Coleen3 — Sat, 01 Jun 2019 18:08:15 GMT

In TurboTax, you will be using TurboTax Premier Online or Desktop (or higher) to enter your rental property.

Tip: If your rental property is located out-of-state, make sure you first set up that state properly in Personal Info. That way, when you do your state taxes, we'll be ready to go.

Now let's enter that rental:

In the Personal section when using the desktop Home & Business edition
- Click on Federal Taxes (Personal using Home & Business)
- Click on Wages and Income (Personal Income using Home & Business)
- Click on I'll choose what I work on
- Scroll down to Rental Properties and Royalties

We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
Eventually, you'll come to the Rental Summary screen which is where you enter your:

Rental income
Rental expenses
Capital assets and depreciation
Vehicle expenses

In the Personal section when using the desktop Home & Bus...

DoninGA — Sat, 01 Jun 2019 18:08:16 GMT

In the Personal section when using the desktop Home & Business edition

Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Scroll down to Rental Properties and Royalties