How do I enter my rental income and expenses in TurboTax?

SOLVED•by TurboTax•106•Updated January 31, 2023

Rental income is income you earn from renting a property that you own or have use of. You can own the property by yourself or with someone else. Rental income includes income from renting:

Houses
Apartments
Rooms
Space in an office building
Other real or movable property

For more information, visit Claiming Rental Income.

Note: Enter only deductible expenses that you weren't reimbursed for and haven't deducted elsewhere. If you rent out a part of the building that you live in, you can claim only the portion of your expenses that relates to the rented part of the building.

If you received a T5013 slip

Select Find from the TurboTax menu and enter T5013
Select T5013 Partnership Income from the list and then select Go

If you didn't receive a T5013 slip

You need to prepare a separate rental statement for each rental property you have. Canadian and/or foreign rental income and expenses are reported in the same section of TurboTax.

Select Find from the TurboTax menu and enter rental
Select Rental properties (or Rental property, depending on your TurboTax edition) from the list and then select Go

If you're a co-owner or member of a partnership

Enter your percentage of ownership in the Identification section and then:
- If you're using TurboTax Online, select the Details of Other Owners checkbox on the Rental Profile, then select Continue and complete the Partner Details Statement, including the co-owners'/partners' percentage of ownership
- If you're using TurboTax CD/Download, complete the Partner Details section, including the co-owners'/partners' percentage of ownership
Enter the total gross income. Don't enter just your portion/share