In situations of this type, you are correct in that TurboTax recommends reporting the rental income as other income. To enter other income in TurboTax online, click on Wages & Income, scroll down the page to Less common income, click on the drop-down arrow and select Miscellaneous Income. From the list select Other reportable income and respond to the questions on the screens that follow. Enter the amount on the 1099-MISC as a positive number.
After entering the amount on the 1099-MISC as a positive number, then repeat the above steps and enter the same amount as a negative number. These entries will offset.
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