Because it's between close family members, you do not need to report that as income, unless your son used it as an expenses deduction on his return.
If he did, I'm of the opinion that it should be reported as self employment income and not as "other income" as described in the other answer.
The IRS considers undocumented cash income (no W-2 or 1099-MISC), for work
performed, to be self employment income. Enter at "Business Income &
Expenses" and TurboTax (TT) will complete Schedule C or C-EZ for you and
allow you to deduct any expenses associated with this income. You'll also have
to pay self employment tax (social security & medicare tax) on any profits
greater than $400.
You may have to upgrade to the Self Employment
version of TT. If you have no expenses to deduct, There's
a chance you may be able to use TT Deluxe or Premier. Enter your income at the
1099-Misc screen (even if you didn't get a 1099-misc). You do not need the
payer's ("employer's") Employer ID Number (EIN).
In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
Scroll down to:
- Other Common Income
-Income from Form 1099-Misc
When asked why you got the 1099-Misc, select “Rental manager”
