How domI report 2nd Home Rental Income...

Forum|Forum|1 year ago
April 2, 2025
1 reply
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I am following the trubo tax example to report the income for my second home.

I lived there more than 10% of the time or more than 14 days. But in the example below it says : "You'll be taken to a screen that asks if you have any income from rentals or royalties. Select Yes" this never happened so I am not sure how to report the income.

Example: Dee has a second home that’s rented out part of the year. Last year, the home was rented for a total of 90 days.
Since 10% of 90 is 9 days, Dee would have needed to live in the home for more than 14 days to be able to claim the mortgage interest deduction. Otherwise, the home would be considered a rental property.
Here's how to get to your Schedule E:
• TurboTax Online/Mobile: Go to Schedule E.
• TurboTax Desktop: Search for Schedule E and then select Jump to schedule E.
You'll be taken to a screen that asks if you have any income from rentals or royalties. Select Yes, even if you didn't have any income from your rental property last year. This will let you claim your mortgage interest as an expense.

Ask the Experts - MetLife VIII - April 2025

AmyC

Employee

You should be able to enter the rental. A full or corrupted cache can cause problems in TurboTax, sometimes you need to clear your cache (that is, remove these temporary files).

Online version:

Delete the form/ worksheet- if possible, see How to Delete
Log out of your return and try one or more of the following:
- Don't use Internet Explorer.
- Clear cache and cookies,
- Sign in using a different browser.
- Sign in using a different device.
Log back into your return.
- Enter the information again.

Desktop version:

Delete the form
Save your return while closing the program.
Update the program
Open
Enter the information again.

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edlynchiiiAuthor

Thank you for the response; however, that did not resolve the problem. I am still not being prompted for the income and expense information for my second home.

edlynchiiiAuthor

Where should I be seeing this prompt for the rental income and expenses for my second home that I also use. Is it while I enter the 1098 information for it, or elsewhere.