AnnetteB6
Employee Tax Expert

Investors & landlords

Since your property was rented less than 14 days, no entry is required to be reported on Schedule E Rental Income and Expenses.  However, if you enter the income reported on Form 1099-MISC in the normal place where this data would be entered, TurboTax is going to take you through the Schedule E section as well.  

 

Instead, use the steps below to report the income and report the same amount as a negative adjustment.  Ignore the messaging that says do not enter Form 1099-MISC in this manner to avoid going through Schedule E.

 

  • Go to the Income section of your return
  • Scroll to the Less Common Income category
  • Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
  • Scroll to the bottom of that section and click Start or Update beside Other reportable income
  • Answer Yes
  • Enter your description and amount for the income you received
  • Enter your description and a negative amount for the income you received

 

The end result is that no additional income is reported on your return, but there are two income entries shown on Schedule 1 line 8z.

 

@jm915998 

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