PatriciaV
Expert Alumni

Investors & landlords

@WlkakkI

Yes, you will need to report Form 1099-MISC on your personal return under Other Common Income. Search for "1099-misc" for a jump-to link to go directly to that section.

 

When you report rental income (box 1), TurboTax will create Schedule E for this income under Rental Properties & Royalties. Go to that section and complete the interview for your timeshare rental. This process will allow you to report any expenses relating to that property. If your expenses are at least as great as the income, you would have no taxable income. But, you need to enter this information in TurboTax in order to produce that result.

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