what kind of income does turo count as and does it need to be reported if it was less than $5k last year? (2024). I earned a gross total of $650.

how do I report this properly?

posted

Yes, you need to report all of your income if you are required to file a tax return. Did you rent your car through Turo and receive a 1099?

If so, report it as Other Reportable Income - Miscellaneous Income - Income from renting out personal property. You will be able to enter your income and expenses on the next screen.

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On wages&income page, for the "miscellaneous income, 1099-A, 1099-C" item, there's a dollar figure (thousands!). I want to know what that consists of but cannot find it.

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what kind of income does turo count as and does it need to be reported if it was less than $5k last year? (2024). I earned a gross total of $650.

what kind of income does turo count as and does it need to be reported if it was less than $5k last year? (2024). I earned a gross total of $650.

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what kind of income does turo count as and does it need to be reported if it was less than $5k last year? (2024). I earned a gross total of $650.

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what kind of income does turo count as and does it need to be reported if it was less than $5k last year? (2024). I earned a gross total of $650.

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