Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Dec 20, 2023 7:16:43 PM

Forced to switch from Premier to Self employed to report rental income?

The Premier is advertised as able to cover rental income. However a message appeared stating I have to upgrade to Self employed to be able to process that income.  Why?

 

0 3 308
3 Replies
Moderator
Dec 21, 2023 7:28:10 AM

The Premier software does say it gives guidance about rental income. There might be donations in box 46 of your T4 or Employee-paid premiums (medical) in box 85 of your T4 which would require an upgrade to self-employment and to allow you to claim additional credits not included in the previous version. Please see the list below enumerating what would suggest to upgrade to Self-employment software.

Employment income

Pension income

Other employment income such as tips

RRSP contributions

Child care expenses

COVID-19 benefits and re-payments

Unemployment (EI) and social assistance

Worker’s compensation

Disability amount

Worker’s benefit

Amount for eligible/infirm dependents

Tuition, scholarships, bursaries, grants, student loan interest

Caregiver tax credit

Disability transfer

Home accessibility tax credit

Tax on RESPs and RDSPs

Tax installment payments

Age amount

Income, credits, and deductions not listed above are not covered by TurboTax Free, including:

Employment expenses (meals, lodging, etc.)

Donations

Medical expenses

Investment income and expenses

Rental property income and expenses

Self-employed income and expenses

Thank you for choosing TurboTax.

Level 1
Apr 1, 2024 5:50:08 PM

This is how Turbotax Premier is advertised:

TurboTax®

Premier

Download 2022-2023

TurboTax Canada

Intuit › tax › software › premier
TurboTax® Premier is ideal tax prep software for complex tax filing and income tax returns with investment &

rental property income

.

 

But if one has rental income, it is not possible to proceed without being forced to upgrade to

Self-Employed. 

Moderator
Apr 2, 2024 10:03:19 AM

Thank you for your feedback. Our software is continuously verifying to give you the best outcome at every entry included. There may be an entry included which is more than a simple investment or rental income which would trigger an upgrade. In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance please call 1-888-829-8608.

​​​​​​​Thank you for choosing TurboTax.