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April 9, 2025
Question

How do I enter rental Income? I've been doing this on Turbo Tasxfor12 years but I must be doing something wrong this year.

  • April 9, 2025
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    April 9, 2025

    To enter your rental income:

    1. Open or continue your return.
    2. Navigate to the rentals section:
      • TurboTax Online/Mobile: Go to rentals or go to magnifying glass in top right of screen and search for rentals and select the Jump to link.
    3. Answer Yes to the question Did you have any income from rentals or royalties?
    4. On the next screen, Let's see if you're a real estate professional, select any options that apply to you.
    5. On the screen What are you here to report?, select Rental property and Continue.
      • If you have more than one rental property to report, no problem—just start with one, and we’ll come back to the other one(s) later.
    6. On the following screens, enter all the info we need about your rental property, including a description of the property, your rental income, any expenses and assets, and other less common situations about your rental.

    Tip: Rent is considered income in the year you received it, not the year it applies to. This means that a rent payment for the month of January 2025 collected in December 2024 is reported on your 2024 return.