1099-Misc From DST (Delaware Statutory Trust)

[Mcb050032]

Received a 1099-misc from a Delaware Statutory Trust with rental income in box 1 of $5k. The recipient of the 1099 is a DST LLC (single member) we formed. How does this get reported on Schedule E, does it get reported in Part III? There was no K-1 issued so I am confused. Thanks

[tagteam]

You won't receive a K-1 because it's essentially a grantor trust.

Report the income as rental income on Schedule E.

[Mcb050032]

Thanks for the reply - What part (Part I, II, III) of Sch E would you suggest?

[Mcb050032]

Any further thoughts on what Part of Schedule E to report this? Thanks.

[tagteam]

Part I, Line 3, Rents received.

[Mcb050032]

Thank you - For line 1a physical address, do I just put the Payer's address? Also Type of Property, what # should I list? 

[tagteam · Accepted solution]

I would just use the Payer's address.

You could check "Other" (8) and type "DST" on that line.