Hal_Al
Level 15

Investors & landlords

You may have to make a double entry.  Enter at the 1099-INT screen, under interest and dividends. You will get a follow up screen "Tell us if any of these uncommon situations apply".  Choose "I need to adjust the taxable amount".  Show the entire amount as the adjustment (positive number) and choose other reasons.  The 1099-INT income and adjustment will show on Schedule B (net $0 on Sch B).

 

Later, in the rental income section, enter the amount as rental income, to get it on Schedule E.