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itzelmtz
New Member

Sublease room in a house I dnt own he couldn’t pay his part& I paid the full amount during CV19paid me back with ca rent relief program do I have to report it as income?

Check was provided in his name & he then gave me a cashiers check for 16k how do I report this ?
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1 Reply
PattiF
Expert Alumni

Sublease room in a house I dnt own he couldn’t pay his part& I paid the full amount during CV19paid me back with ca rent relief program do I have to report it as income?

You made a personal loan to the person who subleased the room in the house that you are renting. The only amount that you would enter would be any interest that was paid to you when he paid you back. If no interest was paid, there is nothing to report on your tax return.

 

If you were paid back with interest, you  can enter the interest as miscellaneous income in TurboTax:

  1. Open your return in TurboTax 
  2. Click on Wages & Income 
  3. Scroll down to All Income 
  4. Scroll down to Less Common Income 
  5. Scroll down to Miscellaneous Income, 1099-A, 1099-C 
  6. Click start 
  7. Scroll down to Other reportable income 
  8. Answer yes 
  9. Enter interest description and amount
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