- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If you rent for less than 15 days, the income is not taxable. But you still need to enter the form because the IRS also has a copy.
Enter the amount in the Less Common Income section, Miscellaneous Income and then click Other Reportable Income. Type '14 day rent rule' as a description and enter the amount.
Then repeat the steps above and enter the amount as a negative number. You have now reported the 1099-MISC form with a zero dollar amount effectively.
Delete the Schedule E form from the Forms Mode if you have no other rentals.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 3, 2019
12:44 PM