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Investors & landlords
We each report our share of income and expenses on our individual tax returns (Form 1040) using Schedule E. I'm the only one that uses Turbotax. The rest of my family file with accountants and do the same and have been doing so for years. I'm not sure why the tax year of 2024 would be relevant to my question as this activity of me leasing it and renting it out as an Airbnb is beginning in tax year 2025.
6 hours ago