I used Airbnb and I received a form 1042-s how can I declare it?

Hi there, I don't know how to declare my airbnb income. It wasn't a lot. $2000.00. I don't want to have problem with the IRS but i can't find the right form to fill on turbo tax/ Help me please

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1 Best answer

Intuit Alumni

Jun 4, 2019 2:04:24 PM

Per IRS, you will report it as Other Income. To do so in the TurboTax online program, please follow the steps below. As TurboTax Free Edition does not cover your situation, you will need to upgrade to TurboTax Deluxe to complete your information.

After sign into your account, select orange button Pick you where you left off
Top right corner, in the search box- type in " other reportable income" and Enter
On-screen, "Other Wages Received", answer Yes, continue to follow prompts
On-screen, "Any Other Earned Income", answer Yes
On-screen, "Enter Source of Other Earned Income". answer Other
On-screen, "Any Other Earned Income", enter description and amount.

Intuit Alumni

Jun 4, 2019 2:04:20 PM

what is the income code on your Form 1042s ?

New Member

Jun 4, 2019 2:04:21 PM

New Member

Jun 4, 2019 2:04:22 PM

what should I do?

Intuit Alumni

Jun 4, 2019 2:04:24 PM

See answer below

Intuit Alumni

Jun 4, 2019 2:04:24 PM

After sign into your account, select orange button Pick you where you left off
Top right corner, in the search box- type in " other reportable income" and Enter
On-screen, "Other Wages Received", answer Yes, continue to follow prompts
On-screen, "Any Other Earned Income", answer Yes
On-screen, "Enter Source of Other Earned Income". answer Other
On-screen, "Any Other Earned Income", enter description and amount.

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I used Airbnb and I received a form 1042-s how can I declare it?