If you are using online TurboTax you will need Premium in order to enter rental income. If you are using the desktop download software you can use any version, since every version of desktop software has all the forms and schedules.
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You need to report your rental income and any qualifying deductions on Schedule E, Supplemental Income and Loss. You can deduct ordinary and necessary expenses you incur to place your rental property in service, manage it and maintain it, even if the property is temporarily vacant.