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Level 1
posted Dec 20, 2022 5:44:52 PM

Can Turbotax Standard be used for rental property?

I have used Turbotax since it was WinTax from 1991 and I only used the Standard version which was sufficient for reporting rental income and expenses from my basement suite. I want to know if the Standard version could still serve my need as I am reluctant to pay more than double for the Premier version.

Thanks in advance

0 1 287
1 Best answer
Intuit Alumni
Dec 21, 2022 6:18:02 AM

You can still use our Standard version of our TurboTax Download software to include rental property as it has the availability to include the information. In comparison, unlike our Premier version, there will be no guidance on investment income and expenses, and rental property income and expenses.

 

Thank you for choosing TurboTax.

1 Replies
Intuit Alumni
Dec 21, 2022 6:18:02 AM

You can still use our Standard version of our TurboTax Download software to include rental property as it has the availability to include the information. In comparison, unlike our Premier version, there will be no guidance on investment income and expenses, and rental property income and expenses.

 

Thank you for choosing TurboTax.