MarilynG1
Expert Alumni

Get your taxes done using TurboTax

You would issue the property owner a 1099-Misc for 13K, since that is what they actually received from you (after your 2K fee).  They will claim 15K rent received, and a Property Manager expense of 2K on their return.

 

You will file a Schedule C with your return for your self-employment income.  You can deduct expenses against this income (such as mileage, cell phone, supplies, home office, for example).

 

Type 'Schedule C' in the Search area to  'Jump To'  this area in TurboTax, or under Wages & Income, scroll down to Business Items > Business Income and Expenses (Sch C) to set up your business.

 

Here's some detailed info with useful links for Self Employment. 

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