- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does rental income from basement suite in principal residence considered self employed. Turbo tax software wants me to file my return as self employed. Is this correct ?
February 5, 2024
8:02 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors and rental owners
Yes this is correct as seen in our TurboTax article Claiming Rental Income:
TurboTax Self-Employed offers an easy step-by-step process to claim your rental income and expenses. The software helps you fill the T776 form schedule 3 with your income tax return.
Thank you for choosing TurboTax.
February 6, 2024
4:47 AM