Income from property management cash and account

[noviceattax]

Dear experts,

I was managing a rental AirBnB property for someone and I got paid some money to my bank account and some in cash. How do I report this on income on TurboTax? Will this be a wage or a business income? I was not working on a fixed pay I was getting a fraction of total rent.

[SharonD007]

If you didn't receive Form W-2 your income isn't wages.  Cash or income you receive as a nonemployee is considered self-employment income.  

Yes, you do need to report the income from your  side job even if you didn't receive a 1099-MISC or 1099-NEC. You are considered self-employed and will complete a Schedule C which is how you report your self-employment income. The good news is that you can deduct ordinary expenses that you incurred making this income.  Follow the steps below to enter your income.

1. Launch TurboTax
2. In the search bar at the top, enter in Schedule C
3. Select Jump to Schedule C
4. Answer Yes on the next screen - Did you have any self-employment income or expenses?
5. Answer the questions on each screen, when you get to the screen - Let's enter the income for your work, select Other self-employed income and Continue
6. Enter the amount under cash or check
7. Continue going through the screens to enter your expenses.

For additional information, review the TurboTax help articles: How does my side job affect my taxes? and How do I report income from self-employment?

Review the TurboTax help article Where do I enter my self-employment business expenses, like home office, vehicle mileage, and suppli... for additional information.