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Level 1
posted Dec 27, 2022 10:04:28 AM

Which TurboTax version should I get for TPT tax on rental property?

I have a rental property in AZ for short term rentals. This requires me to have a TPT license (Transaction Privilege Tax) with AZ. They take taxes monthly for my rentals. My question is, do I have to get Self-Employed version of TurboTax or can I use the Premier, as it states it is for rental property income?

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1 Best answer
Level 15
Dec 27, 2022 10:17:56 AM

You only need the SE version if the rental is put on a Sch C because you provide daily  maid services and/or meals  to the renters like some B&Bs. 

2 Replies
Level 15
Dec 27, 2022 10:17:56 AM

You only need the SE version if the rental is put on a Sch C because you provide daily  maid services and/or meals  to the renters like some B&Bs. 

Level 15
Dec 31, 2022 3:58:59 PM

Assuming you report your rental income/expenses on SCH E, you'll be fine with whatever version you use that has SCH E in it. You'll claim the TPT tax in the Rental Expenses section. There's a box there for "Other Taxes" which is where you would enter any taxes outside of property taxes you pay on the property.