Income from renting your home or a portion of your home through Airbnb is entered in the Rental Income and Expenses section of your return and reported on Schedule E.

You do not need a Form 1099-MISC in order to report your income.  There will be a box to enter any rental income received that was not reported on a Form 1099-MISC. 

To get started with this section of your return, use these steps:

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)

• This opens a box where you can type in “rental income and expenses” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)

• The search results will give you an option to “Jump to rental income and expenses”

• Click on the blue “Jump to rental income and expenses” link

TurboTax will guide you step-by-step through the process.

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