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Level 2
April 6, 2026
Question

1099 Misc

  • April 6, 2026
  • 1 reply
  • 40 views

Hello,

I received a 1099-Misc for rent paid to me for staying at my home a few weeks for less than fair market value so I don't know what schedule to put this on. Please advise.  Thank you.

    1 reply

    Level 15
    April 6, 2026

    Report your not-for-profit rental income on Schedule 1 (Form 1040), line 8. 

     

    In TurboTax Online, post the income as follows:

     

    • Down the left side of the screen, click Federal.
    • Down the left side of the screen, click Wages & Income.
    • Scroll down to Less Common Income and click on the dropdown menu.
    • To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
    • To the right of Other reportable income, click the Start / Revisit button.
    • At the screen Any Other Taxable Income, click Yes.
    • At the screen Other Taxable Income, enter a description such as “Not for profit rental” and the amount.
    • Click Continue.

    See Not Rented For Profit, page 24, IRS Publication 527 Residential Rental Property.

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