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Question

Rental property question

Forum|Forum|2 years ago
March 19, 2024
1 reply
0 views

Hi,

I am trying to enter the information about rental property income. I see different options like filing 1099-MISC or 1099-K. what should I use. I just getting the rent directly.

Best...

Tarek

If your rental income is not reported to you on any official tax form, you can enter it as 'Other income'. Choosing this option will give you a single input box to enter the total income you received. You calculate the total amount based on your own records.

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Thank you!

How about entering the expenses associated with this rent? by the way, I have turbo tax home and business.

Best...

Tarek

Yes, you can enter any expenses on the same Schedule E. See the link and the image below.

Where do I enter rental income and expenses?

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