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?
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?
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?
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:
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