PatriciaV
Expert Alumni

Investors & landlords

The screenshot posted by ThomasM125 was from the desktop version of TurboTax. But a similar question appears in TurboTax Online when entering Form 1099-NEC, though it's worded differently.

 

However, you may wish to report this as income for your Rental Property (without entering it as Form 1099-NEC) so you can also report the related expense. 

 

Since this was not service income (wages), it should have been reported on Form 1099-MISC, which would have simplified things. The IRS expects you to report all income, and as long as you report at least as much as is shown on the 1099-NEC, you have satisfied the requirements. You also have good reason for reporting this income on Schedule E since it relates to your rental property.

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