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colon4455
March 25, 2025
Question

I own rental property and I do not see where I can indicate my expenses and repairs to my property in turbo tax

  • March 25, 2025
  • 1 reply
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I have made major installation and repairs to the property. The 1099-K shows only the gross income but not the net income. How do I report these expenses in my Turbo Tax application? This my first year renting the property.

    1 reply

    SharonD007
    SharonD007
    March 25, 2025

    You report your rental property expenses in the Rental Properties and Royalties (Schedule E) section of Income and Expenses.

     

    Refer to the TurboTax Help article Where do I enter income and expenses from a rental property? for navigation instructions.

     

    Refer to the TurboTax article What Is a Schedule E IRS Form?

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