Report your not-for-profit rental income on Schedule 1 (Form 1040), line 8.
In TurboTax Online, post the income as follows:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Scroll down to Less Common Income and click on the dropdown menu.
- To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
- To the right of Other reportable income, click the Start / Revisit button.
- At the screen Any Other Taxable Income, click Yes.
- At the screen Other Taxable Income, enter a description such as “Not for profit rental” and the amount.
- Click Continue.
See Not Rented For Profit, page 24, IRS Publication 527 Residential Rental Property.
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