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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
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