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posted Oct 30, 2019 1:27:27 PM

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?

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1 Replies
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:

About rental income and expenses
https://turbotax.community.intuit.ca/replies/2647946