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Deductions & credits
It is possible you should use a Schedule C to report the income you describe as self-employment income. In order for it not to be considered self-employment income in TurboTax, the income would have to be earned in the current year only, be unrelated to your normal job and not likely to recur in future years, and you would have to not have a profit motive for hosting the students. Also, if you report it as self-employment income, you will be able to deduct associated expenses (up to $50/month), which you can't do if you report it as "other" income.
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March 3, 2025
10:45 AM