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Investors & landlords
If you have reported this income in the past, it's not one-time income. If there isn't one already on your return, you should create a Rental Property (Schedule E) using the address of the property (if you know it) or your own address. Say it was rented for one day. Then report the lease payment as rental income. Leave everything else blank.
Use the 1099-MISC option when you enter the income for Schedule E. This will allow you to enter the State information in Boxes 17-18.
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March 12, 2024
11:19 AM