Income from sublet

[iBTlNiTVqF8N]

Hello,

I have a question about how to report income from a sublet. I had a room in a shared apartment when I relocated. I found a subtenant to take the room for two months. My rent for the room had been paid in advance by a third party, so the subtenant's rent payments represented a net profit for me. My tax advisor has recommended that I report the sublet income as "Other income" on the Form 1040, without a Schedule E. Is that acceptable or is a Schedule E required?

Thank you for your help!

[Bsch4477]

You end up taxed the same either way you do it. One can argue that it is income from rent to be reported on Schedule E and another can argue that clearly you aren’t in the rental business and this is just other income. I doubt that the IRS cares since the tax liability is the same.