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Rental income from rooms at primary residence
I am using TurboTax Premier online.
I have a rental property and I've entered all income/expenses...etc into TurboTax. I do not live at this rental property. I also have some rental income from renting out my rooms at my primary residence so where do I enter this income ? Do I add my primary residence as another rental property and complete that like my rental property, which is really not what I want to do as I don't intend to depreciate part of my primary residence and all other stuff, or do I enter that somewhere else as an ordinary income ? However, I feel I will get more tax benefits treating it as rental income than ordinary income. Thanks.
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‎February 11, 2023
4:52 PM