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Get your taxes done using TurboTax
Thank you! I left all other questions blank and reached the page We need some information about your 199A income.
The first option applies to me:
XXXX has business income (loss) (including ordinary, rental, royalty, or other)
Ordinary business income (loss) _____
Rental income (loss)_____
Royalty income (loss) _____
Other income (loss)_____
On my 199A it combines both ordinary business and rental income(loss) on 1 line with 1 value. However, on TT it lists those two things separately. Should I enter the value under ordinary business income (loss) or rental income (loss) in TT? Does it matter?
‎April 7, 2025
1:02 PM