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Get your taxes done using TurboTax
is this non business or business income?
Neither. It's passive income. For rental income and royalty income, it gets reported on SCH E as a part of your personal 1040 tax return. You start in the Rental & Royalty Income (SCH E) section of the program. With the online version of Deluxe, that's under the Personal Income tab.
March 21, 2023
11:16 AM