Rental Income (Schedule E) Menu Path: Income > Business Income > Rental Income (Schedule E) If you have rental income from a home you own, a vacation home, or any other type of property, enter your rental information on the Rental Income screen. The IRS allows you to deduct any repairs that you make on the rental property. Tax time is looking painful for Australia’s 2.1m property investors. NEW rules and a crackdown by the Australian Taxation Office has put landlords on notice that tax time 2018 is going to be tricky.
Mar 24, 2014 · If you need such to deduct rental losses, think twice about filing separately. This is what Julie A. Oderio found out. She owned a rental property that incurred a $29,583 loss in 2008.