Schedule E is for reporting income from rentals and royalties.
The 1099-MISC can be reported as one for for the 1099-MISC and a second entry to adjust for the expenses.
- Less Common Income
- Miscellaneous Income, 1099-A, 1099-C
- Other reportable income
To report the expenses associated with the 1099-MISC
@phillip_nc
- Less Common Income
- Miscellaneous Income, 1099-A, 1099-C
- Other reportable income
- Enter the 1099-MISC information, but in place of the amount you were paid, enter the amount of the expenses with a minus sign in front of the number and a description of adjustment for expenses for 1099-MISC.
