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April 15, 2022
Question

I purchased my primary residence this year and it is a multi family

  • April 15, 2022
  • 1 reply
  • 0 views
where do I enter the information for income

1 reply

LeonardS
April 15, 2022

If you purchased your multi-family in 2022 you will report it on next year's tax return.  Rental income and expenses are reported on Schedule E.

 

To enter rental property in TurboTax follow these steps:

 

Sign in to your TurboTax account;

 

  1. Select the Wages & Income tab
  2. Scroll down to the Rentals, Royalties, and Farm Select Show more
  3. Select Start on the line for Rental properties and Royalties (Sch E)
  4. On the page Did you have any income from rentals or royalties? Check Yes. 
  5. Select the Box for Rental property on the page What are you here to report?
  6. Follow the screen prompts to enter your rental information
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