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March 9, 2025
Question

I have TurboTax Premium. I rented out a room and entered information about the rental. However, when I preview my 1040, I do not see a Schedule E, which is required.

  • March 9, 2025
  • 1 reply
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    1 reply

    March 9, 2025

    I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:

     

    TurboTax Online:

    1. Sign into your online account.
    2. Locate the Tax Tools on the left-hand side of the screen.
    3. A drop-down will appear. Select Tools
    4. On the pop-up screen, click on “Share my file with agent.”
    5. This will generate a message that a diagnostic file gets sanitized and transmitted to us.
    6. Please provide the Token Number that was generated in the response.

    TurboTax Desktop/Download Versions:

    1. Open your return.
    2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
    3. This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us.
    4. Please provide the Token Number (including the dash) that was generated in the response.

    *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)


     

    March 9, 2025

    Sure, I have TurboTax Online and just followed the instructions so the token is 1285019.  Thanks, Bonnie

    March 9, 2025

    Thank you for sharing.  I was able to view the return, and verified that I observed that Schedule E has been generated in your return. If you print the full return to pdf, you can use the search feature to find the Schedule E.  

     

    One note, is that you do not have any associated expenses from the rental.  You can depreciate the room based on the square footage as a percent of home, and other expenses such as a reasonable allocation of electricity, water, etc.  See more here: Publication 527 (2024), Residential Rental Property