1099-NEC form for Rental Income

vincent-oei · ‎April 14, 2022

Hi,

I received 1099-NEC form for rental payment of my rental property. Now after I entered this form in Turbotax it falls under Business Income Category. Do I still need to enter this amount in the Rental Property as Rental Income again?

Thanks

Vincent

AliciaP1 · ‎April 15, 2022

Rental income is not reported on a 1099-NEC but a 1099-MISC. You should notify the payer that they need to correct the reporting. You should also just enter the amount as your rental income only.

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View solution in original post

AliciaP1 · ‎April 15, 2022

Rental income is not reported on a 1099-NEC but a 1099-MISC. You should notify the payer that they need to correct the reporting. You should also just enter the amount as your rental income only.

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

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1099-NEC form for Rental Income