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Level 2
October 12, 2023
Solved

How do I notate subletting a parking spot I do not own?

  • October 12, 2023
  • 1 reply
  • 15 views

I rent a condo with an outdoor parking spot in a carport. Where do I put the rental income from that parking spot? I got $50 from a neighbor for a few months. Do I put it in Miscellaneous or Schedule E? Detailed instructions please. I'm using TurboTax Home and Business.

Best answer by Anonymous_

Click the Personal tab

Click Personal Income

Scroll down to Less Common Income

Click the Start button to the right of Miscellaneous Income, 1099-A, 1099-C

Click the Start button to the right of Other reportable income

Click the Yes button

Enter a description and the total you received

1 reply

Level 15
October 12, 2023

Click the Personal tab

Click Personal Income

Scroll down to Less Common Income

Click the Start button to the right of Miscellaneous Income, 1099-A, 1099-C

Click the Start button to the right of Other reportable income

Click the Yes button

Enter a description and the total you received

fanfare
Level 15
October 13, 2023

Toward closing the Tax Gap, every little bit helps.

 

https://www.irs.gov/newsroom/the-tax-gap