I rented my timeshare in Canada in 2022 and received a NR4 from Canada. Where do I post this information?

[renee_dittman]

The answers you gave me do not help me. Where do I post the information on my tax return in Turbotax?

[ThomasM125]

 You need to go to the federal section of TurboTax and bring up Wages and Income. Then search for Rental Properties and Royalties (Sch E.) In that section, Add a Rental Property. Work through the screens, answering basic information regarding the rental property and eventually you will come to a screen that says Let's enter the income for (name of rental). You need to choose the option that says Cash, checks and electronic payments to enter your rent income.

@renee_dittman 

{Edited 4/3/23 at 12:06 PM PST}

[Critter-3]

@ThomasM125 

Incorrect information ... the "rental period was less than 15 days" is ONLY for rental of your personal residence and NOT a timeshare.  A timeshare is a Sch E rental entry where the annual fee and rental fee can be entered as expenses ... but there is no depreciation allowed. 

[renee_dittman]

Thank you so much for you answer.  It was very helpful!! I did not receive the money directly.  It was applied to my maintenance fee by the company that rented out my unit. Not sure if that matters...

[AmyC]

Deduct the fees paid under maintenance on Sch E. This will zero out your income from the rental after correctly reporting it.

See:

Real Estate Tax Center| IRS

Rental Real Estate and Taxes| Turbo Tax