I would report the 1099-MISC income as other income.
You are correct, under that category there is no allowable method of reporting the management company fees.
Follow the steps below to report income on an IRS Form 1099-MISC.
- Select Federal from the left side menu.
- Click on Wages & Income.
- Scroll down to Less Common Income. Click Show more.
- Click Start / Revisit to the right of Miscellaneous Income.
- Click Start / Revisit to the right of Other reportable income.
View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
@merriah
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