Yes, you are using the correct form to report rental income/expenses.
Answer 'Yes' to the question. For purposes of the the schedule E form, you would be the 'owner' of the space.
What TurboTax is determining is if income/expenses needs to be divide for the rental unit. If you were a co-owner of the unit, then you would only be entering your share of the income/expenses for the parking space.
If I'm not the owner and renting, basically subletting a parking spot from the condo I rent, how exactly do I input that in TurboTax Home and Business 2022?
Answer yes. Period.
Then, since you can not depreciate that which you do not own, the cost basis of the parking space will be ZERO. That way, there will be no depreciation.
@spidergirl723 wrote:
If I'm not the owner and renting, basically subletting a parking spot from the condo I rent, how exactly do I input that in TurboTax Home and Business 2022?
Click the Personal tab at the top of the screen and then click Personal Income.
Scroll down to the Less Common Income section and click the Start button shown in the screenshot below.
On the next screen, click Other reportable income.