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I am charging my dad room

Income: Room
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1 Reply
JotikaT2
Employee Tax Expert

I am charging my dad room

Can you please clarify what your question is?  

 

It sounds like you maybe renting a room out to your dad and want to know how to report this income.

 

If so, please see the following link for more details on whether this qualifies as rental income.

 

IRS Guide for Renting Residential & Vacation Property

 

If it does meet the IRS guidelines, you will be able to report rental income in the federal section of the program as follows:

  1. Select Income & expenses 
  2. Scroll down to see All Income and select Rentals, Royalties, and Farm
  3. Select Rental Properties and Royalties (Sch E
  4. Select Add Another Rental or Royalty property as prompted.
  5. Proceed to enter your information as prompted.

Rental property tips

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