Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
M
munny9068
July 7, 2022
Solved

Rental Real Estate

  • July 7, 2022
  • 2 replies
  • 0 views

I recently incurred a major plumbing repair of >8K for my residential real estate a mere 8 days before the property was sold.

How do I enter this disbursement in TT Deluxe. Using schedule E in form 1040.

    Best answer by Bsch4477

    Line 14 in Sch E is repairs. 

    2 replies

    B
    Bsch4477Answer
    Employee
    July 7, 2022

    Line 14 in Sch E is repairs. 

      Carl11_2
      Carl11_2
      Employee
      July 13, 2022

      If the property was still classified as a rental when you sold it and you reported the sale in the SCH E section of the program, just enter it as a repair expense. It'll show up on line 14 of the SCH E.

       

      TurboTax Sign In Widget
      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Terms & ConditionsAccessibility statement
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2022 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
      of Intuit Inc. Terms and conditions, features, support, pricing, and service options
      subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by
      C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      Accessibility

      TRUSTe nResult Certified e-File C-Level Security Certification