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Level 2
posted Oct 12, 2023 10:54:10 AM

How do I notate subletting a parking spot I do not own?

I rent a condo with an outdoor parking spot in a carport. Where do I put the rental income from that parking spot? I got $50 from a neighbor for a few months. Do I put it in Miscellaneous or Schedule E? Detailed instructions please. I'm using TurboTax Home and Business.

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1 Best answer
Level 15
Oct 12, 2023 11:02:46 AM

Click the Personal tab

Click Personal Income

Scroll down to Less Common Income

Click the Start button to the right of Miscellaneous Income, 1099-A, 1099-C

Click the Start button to the right of Other reportable income

Click the Yes button

Enter a description and the total you received

2 Replies
Level 15
Oct 12, 2023 11:02:46 AM

Click the Personal tab

Click Personal Income

Scroll down to Less Common Income

Click the Start button to the right of Miscellaneous Income, 1099-A, 1099-C

Click the Start button to the right of Other reportable income

Click the Yes button

Enter a description and the total you received

Level 15
Oct 12, 2023 8:11:06 PM

Toward closing the Tax Gap, every little bit helps.

 

https://www.irs.gov/newsroom/the-tax-gap