Investors and rental owners

That should then be assumed to be a business where you are self-employed. You may report the rent of business properties through the TurboTax Online software. To do so:

> Sign in to TurboTax Online, and choose your tax return for the year

> On the left navigation pane, choose Income, Self Employment, then Business or Professional Activities

> You will then choose Edit on the right beside the business you are looking to report expenses to.

> Choose Business Expense, and you will be shown a wizard of all figures that TurboTax will want you to report about. You can hit Continue and report them or just skip to the one called "Business Property Rent" as this is the place where you can report your studio rehearsal space rental.

Make sure to hit Continue so that your information is saved.

 

For more information, check out: TurboTax - Tax Deductions for the Self Employed

 

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