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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.
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‎February 1, 2025
7:33 AM