JamesG1
Expert Alumni

Get your taxes done using TurboTax

You are reporting rental income activity reported on IRS Schedule E Supplemental Income and Loss.

 

Rather than report the IRS form 1099-K and direct the income to the rental income activity, report the rental income activity within the rental income activity.

 

In TurboTax Premium Online, follow these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages & income.
  • Click to the right of Rentals, Royalties, and Farm.
  • Click to the right of Rental Properties and Royalties.
  • At the screen Your 2024 rentals and royalties summary, click the pencil icon to the right.
  • At the screen Here's rental property info, select Add income.
  • At the screen Select your type of income, select Form 1099-K.

@Vero m 

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