Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
vale25mx
New Member

I was a homestay parent, how do I report this income? since I need to deduct proportional utilities, expenses like food and gas (I was driving the student to school)

The student was paying to the school and the school was paying monthly to me, the check concept was "boarding fees"

1 Best answer

Accepted Solutions

I was a homestay parent, how do I report this income? since I need to deduct proportional utilities, expenses like food and gas (I was driving the student to school)

You need to report business income and expenses on Form 2125.

View solution in original post

2 Replies

I was a homestay parent, how do I report this income? since I need to deduct proportional utilities, expenses like food and gas (I was driving the student to school)

You need to report business income and expenses on Form 2125.

vale25mx
New Member

I was a homestay parent, how do I report this income? since I need to deduct proportional utilities, expenses like food and gas (I was driving the student to school)

So I guess I need to be registered as a business? My income as a homestay parent is just for $3000 dlls for the year.