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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

Accepted Solutions
LinaJ2018
Intuit Alumni

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

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. 

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5 Replies
LinaJ2018
Intuit Alumni

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

what is the income code on your Form 1042s ?

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

54

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

what should I do?
LinaJ2018
Intuit Alumni

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

See answer below
LinaJ2018
Intuit Alumni

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

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. 
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