Ok. Thanks @PatriciaV
Wish 'Desktop vs Online' TT versions don't vary much in its questionnaires 🙂 I spent lot of time trying to find the highlighted question by ThomasM125.
One thing I want to call out is the rental property is under Single Owner LLC. (dont think it makes a difference here. I still use Schedule E)
I could report the 1099-NEC as 'Miscellaneous Income'.
To avoid taxation: Would you recommend adding a "negative" number (of 1099-NEC amount) to 'Miscellaneous Income'. So net zero.
Or should I include this amount as rental expense/repair in deduction? (i used the money to fix garage)
Does that matter which option i choose?
