- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
Business & farm
If this rental income is not related to a rental property, you have the option to report this as "Other Income" on your tax return.
- Start in Federal Taxes >> Wages & Income >> Other Common Income >> Income From Form 1099-MISC. Click "Start" and work through the interview.
 - After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no."
 - Check only the box for 2024 income.
 - Then answer that this was not an "intent to make a profit."
 
Those three answers should classify this as "Other Income", which will appear on Line 8 on Schedule 1.
	**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
			
			
			
			
			
			
			
		**Mark the post that answers your question by clicking on "Mark as Best Answer"
			
    
	
		
		
		‎February 18, 2025
	
		
		1:51 PM