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February 6, 2024
Question

Does rental income from basement suite in principal residence considered self employed. Turbo tax software wants me to file my return as self employed. Is this correct ?

  • February 6, 2024
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    February 6, 2024

    Yes this is correct as seen in our TurboTax article Claiming Rental Income

    TurboTax Self-Employed offers an easy step-by-step process to claim your rental income and expenses. The software helps you fill the T776 form schedule 3 with your income tax return.

     

    Thank you for choosing TurboTax.