milly101
Level 1

I receive payments from a landlord to manager their property. Do I claim this income as " other income" or self employment?

A friend pays me cash to manage their rental property. They pay me a percentage of total rents every month, about 10%.

I don't have a business or corporation, but I basically take care of everything on the property and in turn they pay me for it.

 

How do i claim this income on my taxes?

Do i claim it as "other income" or do i declare my self as "self employed"

 

I don't have any other income.

‎February 29, 2024 9:42 AM
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TurboTaxGinette
Moderator
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Only you can make that decision. For guidance, please see the Canada Revenue Agency (CRA) about Line 13000 – Other Income and our TurboTax article: Guidelines for Reporting Self-Employment Income.

 

Thank you for choosing TurboTax.

‎February 29, 2024 9:50 AM
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milly101
Level 1

Filing

Thanks, I did read all of those prior to posting, but am still confused. I dont plan on claiming any expenses against this income so not sure i need to declare self employed, but it is a service offered so am not sure.

 

 

‎February 29, 2024 10:12 AM
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TurboTaxGinette
Moderator
Moderator

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If you are not claiming expenses, it would be simpler to claim under Other Income.  You may wish to contact the Canada Revenue Agency (CRA) for advice at 1-800-959-8281.

 

Thank you for choosing TurboTax.

‎February 29, 2024 10:25 AM
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