4romrell
New Member

If I rent space in the house I own and live in, how do I categorize this type of rent?

I own my home and I am renting space to two other persons.  They have their own bedroom, but we share the common areas of the house.. How do I input this rental income into turbo tax Premier?  How do I categorize this type of rental income?  What schedule should I be using?  What expenses can I input and how?  I received a 1099-misc form from the organization that pays the rent.   Thank you.  Darla