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Get your taxes done using TurboTax
The rental agent should report your rents received on Form 1099-MISC not Form 1099-NEC. There is a workaround that will allow you to report the 1099-NEC without generating a prompt to use a Schedule C and eliminate reporting the rental income twice.
When you enter the 1099-NEC on the page Does one of these uncommon situations apply? check the box for the line This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby (this is not common). Follow the screen prompts to complete the entry.
Next, you need to back out this entry so that the amount is only counted once on your Schedule E. To do this follow the same steps above except enter the 1099-NEC amount as a negative number and enter the description as an adjustment for 1099-NEC.
You have now reported the 1099-NEC, it will not add to your income, and can properly report your rental income on Schedule E
@Cherbols
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