Investors & landlords

Yes, you will need to Amend Your Return.  When you do, you will delete the 1099-Misc that you entered, then go to the rental section of TurboTax. When you add your income, you will be able to enter the 1099-Misc and report it as rental income instead of self-employment income.  If your 1099-Misc was taxed as Self-employment income, this will likely result in a refund as you would not be subject to Self-Employment taxes which are 15.3% of your profit.