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Investors & landlords
@gmartinez wrote:
Should we select the option "Started a Business"?
Do not select that option ("started a business") unless you have a sole proprietorship or a single-member LLC (i..e, unless you have an actual business, you are a real estate dealer, or you provided substantial services to your renters (e.g,, maid service, meals, et al).
You want to look for the Rental Properties and Royalties section of the program since you will be reporting the income and expenses from your rental property on Schedule E.
‎January 17, 2023
7:21 AM
727 Views