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February 24, 2021
Question

Rental Property Purchase

  • February 24, 2021
  • 1 reply
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We are family owned S-Corporation doing retail. In 2020 we purchased condo both as an investment and for renting. Now I am trying to find exact place in TurboTax to enter this expense or asset  (not sure). Please advise me.

1 reply

Employee
February 24, 2021

You need to indicate that the S corporation owns rental real estate, which is in the very beginning of the program.

 

Click the Business Info tab and then About Your Business.