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January 23, 2025
Question

Can I deduct rental operating expenses? if yes where can I do that in turbo tax online tax tool?

  • January 23, 2025
  • 1 reply
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    January 23, 2025

    You can deduct expenses that are necessary and ordinary for the generation of rental income. You enter your rental income and expenses in the Rental Properties and Royalties (Sch E) section of TurboTax, which you will find under Wages and Income in the Federal section of TurboTax:

     

     

     

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