@sjb12 wrote:
Hi all, this is my first post on Turbo Tax and I appreciate your comments. I was struggling with where to put it on Schedule E, as Turbo Tax would not allow me to put it as "Other Income" as it was coded on the 1099. Being a CPA (semi-retired and not practicing anymore) I was trying to put in on Schedule E as income as it related to the rental and I have a minor annual loss on the property i wanted to offset.
However, I found in the Instructions to Schedule E on page 6, it says to put all "income" on line 3 (rental income) and if necessary attach a statement as to what the income was for. So my annual loss is used against this income.
I did that, its all documented, so I am good. I have to manually file given the statement attached but thats ok.
If you have further questions, post them here. @Carl is my go-to guru on rentals.
