If I own a home together with my wife, and we rent out the basement, how do we file the rental income, do we file it as a partnership, or I can file it on one of us?
01700
1 Replies
TurboTaxLise
Level 13
Oct 30, 2019 1:27:28 PM
If you both own the home, then you both claim it as a partnership/co-owner rental income.
Please review the link below to assist you in understanding rental income as well as shows you how to enter it in TurboTax: