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H
hummer55
February 16, 2024
Question

Do I need self emplyoed tax return if I only rent my garage?

  • February 16, 2024
  • 1 reply
  • 0 views
I only rent out half my garage.
I have only declared in the past as other income for tax purposes. What is the best solution not wanting to upgrade my tax report on Turbo tax for this..?

    1 reply

    G
    GHarpe
    February 16, 2024

    If you've made less than $3,500, you may report this income as "occasional earnings". 

     

    TurboTax Online Instructions:

    1. Go to the left side menu and click: Income then Other Income Sources then Income not reported on a T-Slip

    2. Check the box: Received tips, gratuities, occasional earnings, or other employment income

    3. Continue following the prompts.

     

    Thank you for choosing TurboTax.

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