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Video instructions and help with filling out and completing What Form 8815 Deduction

Instructions and Help about What Form 8815 Deduction

Music, today we are going to understand how to enter rental property details and expenses in H&R Block in order to claim a deduction on our tax returns. To begin, please enter your username and password and click on sign-in. After signing in, you will be directed to the H&R Block homepage. Here, you need to enter additional details about your properties. You can either click on "continue to my taxes" or choose the federal option. If you choose the federal option, you can either start from where you last left off or begin from the start for tutorial purposes. Let's assume we start from the beginning and click on next. Once done, we need to enter our rental property details and select the relevant category. The relevant category for rental property income would be "rental royalties and farming." Click on this category and a drop-down menu will appear, allowing you to enter the necessary details. Choose the option that best suits your situation, such as owning real estate and renting it out to others. If it is something else, click on "other." Assuming you are the rental property owner and you have rental income, select the option that says "rental property" and click on next. You will then be asked if the rental property is residential or commercial. Since most cases involve residential properties, select "residential." If you own the rental property, click on yes. If you do not own the property, click on no. Click on yes to continue and click on next. Next, provide more details about the type of rental property, such as whether it is a single-family, multifamily, vacation property, or non-residential commercial property. In this case, let's suppose it is rented to a single family. Enter the address details of your property, such as...