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akrr2462
New Member

How/where do I report "other reportable income" for a house I rented below fair market value?

 
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1 Reply
Coleen3
Intuit Alumni

How/where do I report "other reportable income" for a house I rented below fair market value?

The income from a Not-for-profit rental is reported on Line 21 1040.

  • Click on Federal Taxes
  • Wages and Income
    • You may need to click Jump to Full List, Show me everything or I’ll choose what I work on depending upon your situation and the TurboTax version you are using.
  • Scroll to the very bottom; Less Common Income; Click Show more (if start isn’t displayed)
  • Click Start across from Miscellaneous Income, 1099-A, 1099-C
  • At the “Other Taxable Income” screen, enter your description – Not for Profit Rental and then amount of income you received.

 

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