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Parking Space rental Income
I own y condo where I live and is paid off. I only have to pay monthly maintenance for my condo that is about $500 a month. I rented out my parking space for $140 a month during the 12 months since I do not have a car. Do I need to report that income from rental space? Or can that be covered with the monthly maintenance fees I pay? If I need to report the income, in which income section of turbotax I do that?
Thank you
March 23, 2023
4:28 PM