TurboTax FAQ
TurboTax FAQ
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Schedule E, Supplemental Income and Loss

What is Schedule E?

Use Schedule E to report income and expenses from rental properties or royalties. TurboTax will automatically add a Schedule E to your return when you add a rental property or royalty, with each Schedule E being able to handle 3 rental properties or royalties. Additional Schedule E's are added as necessary.

Schedule E is also where you report profits and losses reported to you on Form K-1s from Partnerships, S-Corporations, Estates and Trusts. TurboTax will automatically add a schedule E to your return when you add a K-1, with each Schedule E being able to handle 4 K-1s. Additional Schedule E's are added as necessary.

The Schedule E form is available in the Premier and Home & Business editions of TurboTax.

Entering Schedule E into TurboTax

If you've already gone through the step-by-step interview and want to jump directly to the entry screen for this topic, follow the steps here for either Rental properties & Royalties, or Form K-1s:

Rental Properties and Royalties

  1. Select Federal Taxes (Personal in the Home & Business edition).
    In Online TurboTax, click the bars at the upper left corner to show Federal Taxes on the selection list; enlarge the screen if needed to show the left side selection list.
  2. Select the Wages & Income, and in the next screen, click Explore on My Own.
  3. Scroll down the Your Income summary screen until you see the Rentals and Royalties group.
  4. Click on the Start/Update button next to the Rentals and Royalties category.
  5. Follow the prompts.

Form K-1s from Partnerships, S-Corporations, and Estates/Trusts

  1. Select Federal Taxes (Personal in the Home & Business edition).
    In Online TurboTax, click the bars at the upper left corner to show Federal Taxes on the selection list; enlarge the screen if needed to show the left side selection list.
  2. Select the Wages & Income, and in the next screen, click Explore on My Own.
  3. Scroll down the Wages & Income screen until you see the Business Items group.
  4. Click on the Start/Update button next to the Schedules K-1, Q category.
  5. Follow the prompts.

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