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1 reply

JohnB5677
JohnB5677
February 2, 2020

If you are the person paying rent there is no deduction on your Federal taxes; however, several states do have a renters deduction.

 

If it is you renting an apartment to someone else.  Yes, this is considered income and you must report it to the IRS.

 

To do this you would have to have the Premier version of TurboTax.

  1. Go to INCOME
  2. Rental Property & Royalties [START]

Follow the questions to report income and expenses.

 

Please see for additional Information:  Typical Rental Expenses

 

 

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