Where do I enter Rental information in TurboTax? I am unable to even find the Schedule E form to fill it out? TurboTax used to be straightforward. It is no more.
Where do I enter Rental information in TurboTax? I am unable to even find the Schedule E form to fill it out? TurboTax used to be straightforward. It is no more.
The easiest way to find Schedule E in TurboTax is to use the Search box at the top right side of the TurboTax header. Enter "schedule e", hit Enter, then click "jump to schedule e". This will take you directly to the start of this section.
All desktop editions (CD/download) can prepare a Schedule E (Basic, Deluxe, Premier, and Home and Business). In Online TurboTax, only Premier and the Self-Employed Edition can prepare Schedule E, as well as their Live counterparts; i.e., Live Premier and Live Self-Employed
To populate schedule E for rental income and expenses, you need to first go to the Federal section of TurboTax. Then choose Rental Properties and Royalties (Sch E). Work through that section to enter your rental income end expenses.
@jmbrush 47
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I use the CD version of the program and it's basic layout and functionality hasn't changed over the 18 years I've been using it. Can't speak for the online version, as I have an issue with allowing a private company (not just TTX either) to store my personal information on server's I have no access to or control over. So I've never used it.
Using Premier; PC download. Schedule E is not part of the normal workflow. One must know that is is missing and go search for it. Not user friendly. Wasted an hour of my time.
Follow these steps to enter information into TurboTax regarding your rental property.
After signing-in to your account, select the Federal Taxes tab.
Select the Wages & Income tab.
Scroll down the screen to Rental Properties and Royalties, and click the Start or Update button and begin to enter your rental information.
If you tried the above steps and were still not able to enter information regarding your rental property, please respond back to this post and provide as much detail as you can regarding the issue(s) you are seeing. In any follow-up post, please do not include personally identifiable information.
@way too picky
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If you are using the Desktop CD/Download program then ALL versions have rentals and all the forms. You just get more help in the higher versions. So you can even use Deluxe. You should find it pretty easy.