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Deductions

Where do you put in you rental property tax deduction?

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Level 15

Deductions

If you mean you are a tenant who pays rent to live somewhere:

 

RENT

There is not a rent deduction or credit on your Federal return.  If your state has anything for renters you will be prompted to enter your rent info when you complete your state return.  As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.

 

 

https://www.rent.com/blog/states-with-a-renters-tax-credit/

**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.**

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Level 15
Level 15

Deductions

Do you mean that you own a property that you rent out to someone else? If that's what you mean, you have income from the rental property, and you also have expenses. It's not just a deduction. See the following FAQs about entering rental income and expenses in TurboTax.


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


What kinds of rental property expenses can I deduct?

 

Highlighted
Level 15

Deductions

Are you a landlord or a tenant? If a tenant, then what state?

 

Highlighted
Level 15

Deductions

If you mean you are a tenant who pays rent to live somewhere:

 

RENT

There is not a rent deduction or credit on your Federal return.  If your state has anything for renters you will be prompted to enter your rent info when you complete your state return.  As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.

 

 

https://www.rent.com/blog/states-with-a-renters-tax-credit/

**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.**

View solution in original post

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