Skip to main content
January 26, 2021
Question

I rented a room, and lived in the other room. i never left the home. how do i input this?

  • January 26, 2021
  • 1 reply
  • 0 views
No text available

1 reply

January 26, 2021

You will claim your Income and Expenses on Schedule E. 

Indicate under the Property Profile section that you rented a part of your home.

To enter your rental:

  1. In TurboTax, search for rentals and select the Jump to link at the top of the search results.
  2. Answer Yes to the question Did you have any rental or royalty income and expenses in 2020 for property you own?
  3. Follow the on-screen instructions as you proceed through the rental and royalties section.
    • We'll ask you to enter general information about your rental (like description, address, and ownership percentage).
    • Eventually, you'll come to the Rental Summary screen, which is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"