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Investors & landlords
In the example you have reviewed above, they reported the income as rental income, then entered a miscellaneous expense to remove it because it was for repairs and not rental income. If your situation is the same, then you can use this action for your tax return.
Enter the 1099-MISC as rental income - Box 1, instead of an amount in Box 3 assuming your form has the income in a box other than Box 1.
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March 15, 2025
5:58 AM