I have QB online for my textile wholesale business. To get ready for MTD for income tax, can I add in the income and expenses from my separate property rental?

Yes, you can include the income and expenses from your separate property rental to your textile wholesale business, Sally.

QuickBooks Online (QBO) is preparing the Making Tax Digital (MTD) feature for users with multiple income sources, targeting completion before the April 2026 deadline. This feature is relevant for self-employed individuals and landlords with total incomes exceeding £50,000 in a tax year. For more information, consider scanning this link: Get Ready for MTD for Income Tax.

Additionally, MTD for Income Tax in QBO is not automatic. You can join it directly within the product. Follow the steps below on how:

1. Log in to your QuickBooks account.
2. Click on Taxes in the left-side navigation menu.
3. Choose Income Tax.
4. Click on Join the Pilot and follow the on-screen instructions.

To easily keep track of your rental income in QBO, you can create a dedicated income account specifically to record your rental earnings. Check out this article for the detailed steps: Add an account to your chart of accounts in QuickBooks Online.

I'm also including these references to help you handle VAT in your QBO:

• File your VAT return and record tax payments in QuickBooks Online
• Submit a VAT return to HMRC - MTD for small businesses

Feel free to post in the Community forum if you have any further questions about managing MTD for income tax. We'll be here to assist you in this thread.