No.
Since the amount is reported in Box 3 on a 1099-MISC, the TurboTax program will not accept it entered in the Rental Section.
The 1099-MISC needs to be reported "somewhere" on your return.
Using the directions I gave above, you can enter that 1099-MISC income.
Next, I am addressing the fact that I understand that this "income" was to pay for damage.
Therefore I am suggesting you also enter the same amount (NOT ANOTHER 1099-MISC) as an expense.
Because you are reporting an expense for the same amount as the income, both the expense and income are "zero'ed out".
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