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Investors & landlords
@Maryland12 wrote:As owners, we provide substantial services, such as, typical household provisioning, non-perishable supplies, parking passes, and cleaning and linen services as part of the leasing agreement.
Is there a provision in TurboTax to accommodate this situation?
You shouldn’t enter income and losses from these activities on Form 8582. Instead, enter them on the forms or schedules you would normally use.
As your last sentence indicated, you don't enter it as a Rental. You enter it as general business income.
January 26, 2023
11:55 AM
3,674 Views