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You should be reporting your rental property income and expenses using the step-by-step interview and Not trying to use Forms mode Schedule E worksheets or entries directly on Schedule E. The same for a Schedule A. Unless you are an expert with using the TurboTax program Forms mode there is no reason to enter your tax data in Forms mode. Over-rides of calculated fields in Forms mode will prevent you from e-filing your tax return and voids the TurboTax Accuracy Guarantee.
To enter Rental Property income and expenses -
- Click on Federal Taxes
- Click on Wages and Income
- Click on I'll choose what I work on
- Scroll down to Rental Properties and Royalties (Sch E), click on the start or update button
To enter itemized deduction on Schedule A -
- Click on Federal Taxes
- Click on Deductions and Credit
- Click on Walk me through everything
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