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kutiepi89
New Member

SC return, about losses. Do I place the amount from my Fed Sch E there? Where it shows income-expenses? or do I place 0 and place my 1099 info in the next section?

After the section about losses, there is a section where you place out of state income or gain. When I placed the amount of the income on the 1099 I received from my rental income, my return almost doubled, this didn't seem right. Do I use the 1099 income in that section? or the negative amount from the Federal Schedule E showing the difference between the income made from rents, and the expenses involved with the property.

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Accepted Solutions
AnnetteB
Intuit Alumni

SC return, about losses. Do I place the amount from my Fed Sch E there? Where it shows income-expenses? or do I place 0 and place my 1099 info in the next section?

You should enter the amount of losses from your Schedule E, not the income from the Form 1099.  Enter the loss as a positive number.


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1 Reply
AnnetteB
Intuit Alumni

SC return, about losses. Do I place the amount from my Fed Sch E there? Where it shows income-expenses? or do I place 0 and place my 1099 info in the next section?

You should enter the amount of losses from your Schedule E, not the income from the Form 1099.  Enter the loss as a positive number.


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