Rental property

As you are going through TurboTax and entering your rental income, make sure to answer the question "Do you rent out part of your home?". Answering "yes" will prompt the software to ask additional questions about that and the proper calculations will be reported. 

To enter your rental:

1. Open or continue your return, if you haven’t already
2. Locate the Search bar in the upper right of your screen. Search for rentals and select the Jump to link at the top of the search results
3. Answer Yes to the question Did you have any income from rentals or royalties?
4. On the next screen, Let's see if you're a real estate professional, select any options that apply to you.
5. On the screen What are you here to report?, select Rental property and Continue
   • If you have more than one rental property to report, no problem—just start with one, and we’ll come back to the other one(s) later
6. On the following screens, we'll ask you to enter all the info we need about your rental property, including a description of the property, your rental income, any expenses and assets, and other less common situations about your rental