You can report sublet income through the Schedule E Rental Income and Expenses section of TurboTax. You just need to be sure to skip any questions regarding depreciation of the property itself since you do not own it. Your income and expenses will be reported the same way as any other rental property.
As you go through the initial questions to set up the rental property, make the selection that says you are not a 100% owner. Then, you will be asked about allocating expenses since you are not a 100% owner. Check the option that says you will calculate your own allocation of expenses. Then you will not be asked to enter your percentage of ownership.
Since you do not own the property, pay close attention to the questions as you go through them. There may be one that comes up later asking how you acquired the property where you can select 'other' instead of 'purchase' or the other choices offered. Also, be sure to skip entering anything such as the cost of the property to avoid having depreciation included.
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