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I rent my RV on the app called Outdoorsy. I only made about $6,000 in 2023, under the reporting threshold of 20,000 for a 1099K. How should I report the income?

 
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TomK2023
Expert Alumni

I rent my RV on the app called Outdoorsy. I only made about $6,000 in 2023, under the reporting threshold of 20,000 for a 1099K. How should I report the income?

You should report this self-employed income on a Schedule C.

 

Here's how to add your self-employment income:

  1. Open or continue your return.
  2. Select Search, enter schedule c and select the Jump to schedule c.
    • Or go to Wages & Income and select Start or Revisit next to Self-employment income and expenses under Self-Employment.
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work.
  4. Follow the on-screen instructions to enter your Schedule C.

 

After entering all of your income, the program will ask you about expenses (e.g., repair, cleaning, depreciation, etc.)

 

Business code: 532120 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
Business name: Joe's RV Rental (?)

Business address: Your residence

Employer ID number: Your Social Security Number

Method of Accounting: Cash

Assets on Reservation, etc.: No

 

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