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steve383
Level 1

Client is sole trader AND a landlord. Ref MTD for Income Tax how do I report these two income streams via QB MTD? Or will I need to separate into two QB accounts?

 
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JaneDave_I
QuickBooks Team

Client is sole trader AND a landlord. Ref MTD for Income Tax how do I report these two income streams via QB MTD? Or will I need to separate into two QB accounts?

You’ll need to have two separate reports for each QuickBooks account to comply with MTD reporting, Steve.

 

Currently, QuickBooks requires individual subscriptions for each business or income stream, as it doesn’t support managing multiple income types within one account.

 

Given that your client is both a sole trader and a landlord, you’ll need to report each QuickBooks account individually to handle each income stream and stay compliant with Making Tax Digital (MTD) for Income Tax.

 

For landlords, QuickBooks only supports basic expense tracking to help with the SA105 tax form. With that in mind, we're actively working on adding features for MTD compliance, including enhanced tools for complex landlord setups and multi-income users ahead of the MTD deadline.

 

To comply with MTD for now, it’s best to use separate QBO accounts for your client being a sole trader while also having their rental income.  

 

For more details, I recommend contacting our Live Support team to further discuss the process and how it should be handled.

 

Feel free to reply on this thread if you need further questions.

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