You'll need to sign in or create an account to connect with an expert.
You can report this as other income by selecting the following:
This will put it on line 8z of your schedule 1 as other income.
In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Less Common Income
-Misc Income, 1099-A, 1099-C
- On the next screen, choose – Income from renting out personal property
It will go on line 8k of Schedule 1
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
SanD8
New Member
rjtt
New Member
jeremyderman
New Member
MatthewM
Returning Member
Banjer
Level 3