Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
alunse
New Member

I generate Rental Income from a property that I do not own. I pay rent on the property and then Sublet out to others. T776 does not seem to address this arrangement.

T776 does not prompt for the expense of paying Rent each month, since it is assumed that I am an/the owner of the property. But I do not own the property, I am paying rent. How do I calim the expense of rent?

1 Best answer

Accepted Solutions

I generate Rental Income from a property that I do not own. I pay rent on the property and then Sublet out to others. T776 does not seem to address this arrangement.

There is a line on the T776 for real estate rentals called "other" expenses.  Put it there.

View solution in original post

1 Reply

I generate Rental Income from a property that I do not own. I pay rent on the property and then Sublet out to others. T776 does not seem to address this arrangement.

There is a line on the T776 for real estate rentals called "other" expenses.  Put it there.