The IRS will catch it if you don't include a 1099-MISC for rents received for rental property. Refer to the TurboTax article What Happens When Someone Forgets to File a 1099 on Their Tax Return?
Follow the instructions below to enter a 1099-MISC for rents received for rental property:
- Open TurboTax.
- Select Wages and income
- Scroll down to Rental Properties and Royalties (Sch E) and select Start or Revisit
- Answer Yes on the Did you have any income from rentals or royalties? screen
- Select Rental Property and Continue on the next screen: What are you here to report?
- Answer the questions on the following screens for your rental property until you arrive at Let's enter the income for your rental property
- Select 1099-MISC and select Continue
- You can enter the info from your 1099 form on the following screens.
For additional information, refer to the TurboTax article Where do I enter income and expenses from a rental property?
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