Individuals – Schedule E – Entering Rental Property in Program
You may receive Form 1099-MISC or Form 1099-K reporting income or transactions related to your rental or royalty income. You will be able to enter information for those income forms during the Schedule E interview process.
You can enter Qualified Business Income (QBI) for a rental property when entering the details about that rental property. To enter or review information for Schedule E (Form 1040), follow the steps below:
TaxAct Online
Dashboard
- From within your TaxAct return, click Income.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Expand the Business & Self Employed section.
- Click Add beside Rental Properties & Royalties (Schedule E).
- Continue with the interview process to enter your information.
Classic
- From within your TaxAct return, click Federal.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Click the Rent or Royalty Income drop-down, then click Real estate rental income or Royalties.
- Click Add Schedule E.
- Continue with the interview process to enter your information.
Desktop
- From within your TaxAct return, click Federal.
- Click the Rent or Royalty Income drop-down, then click Real estate rental income or Royalties.
- Click Add beside Schedule E.
- Continue with the interview process to enter your information.
Related Links
- Professional Editions – Schedule E – Entering Rental Property in Program
- IRS Qualified Business Income Deduction
- Qualified Business Income Deduction – General Information
- Qualified Business Income Deduction – Pass-Through Partnership Income
- Qualified Business Income Deduction – Pass-Through S Corporation Income
- Qualified Business Income Deduction – Sole Proprietor Income
- Qualified Business Income Deduction – View Entries