It depends on the nature of your rental; please read below:
If you
rented the rooms for 14 days or less, you are not required to report the rental
income. But you cannot deduct any related expenses, either.
Occasional,
short -term rental with no guests services may be deducted as personal income, in the rental section:
- Federal Taxes
- Wages & Income
- Rental Properties and Royalties - follow
the instructions Where do I enter income and expenses from a
rental property?
If you
dedicate a room in your home solely for the paying customers, never live in that
room and provide services such as regular cleaning or maid service, provide
coffee or breakfast, you may be
considered "running a business".
In this case, you would deduct
your income and expenses as self-employed income, subject to Social
Security and Medicare tax.
- Federal
Taxes
- Wages
& Income
- Business
Items
- Business
Income and Expenses (Sch C)- you may be
asked to upgrade to Self-Employed version.