Hello,
I have a question about how to report income from a sublet. I had a room in a shared apartment when I relocated. I found a subtenant to take the room for two months. My rent for the room had been paid in advance by a third party, so the subtenant's rent payments represented a net profit for me. My tax advisor has recommended that I report the sublet income as "Other income" on the Form 1040, without a Schedule E. Is that acceptable or is a Schedule E required?
Thank you for your help!
