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January 22, 2020
Question

We bought a home in 4/2019. The home has a completed basement apartment that we rent out. What type of rental is this? Single family home or a multi-family?

  • January 22, 2020
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1 reply

January 22, 2020

The type of rental is a single-family since you are renting out a part of your home.

 

On the next page then TurboTax asks if you are renting out a part of your home and you would answer yes.

 

More information about rental properties and taxes

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