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February 23, 2025
Question

Rental home P&L

  • February 23, 2025
  • 2 replies
  • 0 views

Do I need to attach a  profit and loss statement to my 1040 for our single family rental home?

    2 replies

    DoninGA
    Employee
    February 23, 2025

    No.  The P&L statement is not required when reporting income and expenses on Schedule E for a rental property.

    SharonD007
    February 23, 2025

    No, you don't attach the profit and loss statements to your tax return.

     

    For more information on rental properties, refer to the TurboTax Help article Where do I enter income and expenses from a rental property? and What Is a Schedule E IRS Form?

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