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New Member
posted Jun 1, 2019 10:39:56 AM

Where to enter real estate property the business owns and occupies?

It is not rental property as the business owns and occupies 100% of the property 100% of the time.

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2 Replies
New Member
Jun 1, 2019 10:39:57 AM

You would record the business property as an Asset in TurboTax Business. To do this, select the Deductions tab at the top of the screen and then find Depreciation of Assets.  Underneath this heading will be Assets.  Select to start that section to enter your real estate property in TurboTax.

Level 2
Sep 28, 2024 12:23:12 PM

How do I add a residential real estate property the business owns and managers?

It only gives me the option to add nonresidential real estate or improvement to a business in TurboTax Online.