Rental property management fee

[bmshah1]

Last year I purchased a new house as a rental investment. Since it was a new house with builder warranty we decided to manage the house on our own.

1. How do I report the rent collected for this property since I don't have a 1099-MISC issued by any property manager?

2. How do I deduct the interest and any other expenses related to the property?

[MaryK4]

1. You can enter the rents under Cash, checks, and electronic payments (like Square or PayPal).

2. You can follow the TurboTax interview to enter your expenses.  See Where do I enter income and expenses from a rental property?

[bmshah1]

Hello Mary,

Under which section of TT do I enter this: Cash, checks, and electronic payments (like Square or PayPal)

[MindyB · Accepted solution]

Here is how to find "Cash, checks, and electronic payments (like Square or PayPal)":

• Navigate to Federal > Wages & Income > Rental Properties & Royalties> Start or Revisit
• Answer the interview questions about the property
• When you arrive at the screen "Let's enter the income for...", here you can choose "Cash, checks, and electronic payments (like Square or PayPal)"