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How do I declare money from a sublet?

I subleted my apartment for 2 months. Should I declare that?
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1 Best answer

Accepted Solutions
ChelsiE2
New Member

How do I declare money from a sublet?

Yes, you must declare the income you received from subletting your apartment.  You will need to treat this as Rental Income and report it on a Schedule E.

For more information, please see Djay 43's answer below: 

https://ttlc.intuit.com/replies/4284787

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6 Replies
ChelsiE2
New Member

How do I declare money from a sublet?

Yes, you must declare the income you received from subletting your apartment.  You will need to treat this as Rental Income and report it on a Schedule E.

For more information, please see Djay 43's answer below: 

https://ttlc.intuit.com/replies/4284787

How do I declare money from a sublet?

if not in business of renting property and sublet for same or less than rent due, aren't expenses only deductible as itemized deductions on schedule A and subject to 2% floor now?

How do I declare money from a sublet?

Please stick to your other post.
usstefano
New Member

How do I declare money from a sublet?

"You can deduct the rent you pay to your landlord because it is an ordinary and necessary expense for you to rent the property". Is this still valid if one doesn't have rental income for the sublet in the period one pays the rent to the landlord?

How do I declare money from a sublet?

From where are you quoting?
usstefano
New Member

How do I declare money from a sublet?

From Djay 43's answer quoted above in TurboTaxChelsiE , CPA's answer
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