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

Connect with an expert

1 Reply

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.

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post