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cuttothechase
Returning Member

Real Estate Professional in TurboTax 2024

I cannot see an option to identify myself as Real Estate Professional in TurboTax 2024

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2 Replies
JamesG1
Expert Alumni

Real Estate Professional in TurboTax 2024

Follow these steps to identify as a Real Estate Professional.

 

In TurboTax Online, 

 

  • Select Federal down the left side of the screen and Wages and Income.
  • Select Edit/Add to the right of Rental Properties and Royalties.
  • At the screen Your 2023 rentals and royalties summary, select Edit to the right.
  • To the right of Rental property info, select Edit to the right.
  • Real estate professional is found at the bottom of the page.  Select Edit.

 

In TurboTax Desktop, 

 

  • Select Federal Taxes.  Click Continue and I'll choose what I work on.
  • Scroll down to Rental Properties and Royalties.  
  • Select Start/Update to the right of Rental Properties and Royalties.
  • At the screen Let's see if you're a real estate professional, make the selection.
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cuttothechase
Returning Member

Real Estate Professional in TurboTax 2024

I want to do it for K-1 as in 2022 there was an option and there is no option in K-1 2023. As a result my taxes are not calculated correctly.

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