“In 2023 my husband and I owned three houses. one we livein and have a mortgage, the second was vacant and the third is a section 8 rental property. Which turbo tax would i need?”
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TurboTax Home & Business 2023 will certainly support your situation and guide you through it. You will also be able to use TurboTax Premier 2023 for this same situation and still have full guidance, however, not if it is your main business activity. In most cases, the IRS doesn’t consider you self-employed, so you won’t have to prepare a Schedule C for this. However, if you provide a range of services to tenants or manage your rental properties as your main business activity, then your participation in the rental may rise to the level of self-employment and require you to file a Schedule C rather than Schedule E. If this is the case, Home & Business is the best option for you.
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