How to declare rental income in tax returns

  1. Select “Tax returns and tax information” under Activities on the MyTax home page.

  2. Select the year 2020.

  3. Select “Filing income and deductions” under Income tax.

  4. In the first stage, you will see your own details. You can navigate in MyTax by selecting “Next” or “Previous” or, alternatively, by clicking the item of your choice in the stage path.

  5. In the first stage, you will see your own details. You can navigate in MyTax by selecting “Next” or “Previous” or, alternatively, by clicking the item of your choice in the stage path.

  6. a) If you have filed rental income previously, you will see the data pre-completed in stage 2. Pre-completed income and deductions. You can edit or delete the information.

    b) If you have not filed rental income previously, go to section Other income and select “Yes” under “Rental income”.

  7. You can file details by selecting “Add new rental income”.

  8. Select the type of rented property.

  9. File details on rental income

    • Details of apartment or real estate unit, if not in the Tax Administration records.
    • Name of tenant Give details on each tenant separately. If the property has had several short-term tenants, enter “Several tenants” in the Name column. As the rental time, enter the time period during which the property had such tenants.
    • Rental period

    Enter the rental period in the tax year. If the rental period has started before the tax year, enter the first day of the tax year as the start date (1.1.). If the rental period continues to the next year or its end date is not known, enter the final day of the tax year as the end date (31.12.). If there is a break in the rental period during the year, enter all time periods separately.

    • Rental income and expenses

    Report the amount of rent for the time when the property is rented out. You can deduct certain expenses from the rental income if they have arisen during the rental period, including expenses for water, electricity and heating, insurance premiums, renovation expenses and acquisition costs for household appliances and furniture.

    If you own the property together with someone else, only enter the income and expenses that correspond to your share of ownership. MyTax does not automatically divide the amounts you enter according to ownership.

    Once the details are correct, click “OK”.

  10. Go to 5 “Preview and send”.

  11. Check the details before submitting them.

    If needed, you can still make corrections. You can return to earlier stages by clicking Previous. If you want to continue later, click Save as unfinished.

    If the details are correct, click “Submit”.

    We will send you an acknowledgement of receipt. The details will be entered in your pre-completed tax return, which you will receive for checking during the spring.