No, that is considered rental income. You will report the rental income on Schedule E.
To enter your rental income in TurboTax follow these steps:
- Sign in to your account if it is not open
- Enter Schedule E in the search box
- Click Jump to schedule E in the results box
- On the page Did you have any income from rentals or royalties? Check Yes.
- Select the Box for Rental property on the page What are you here to report?
- Follow the screen prompts to enter your rental information
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