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1099-MISC has $9573 rents in Box 1 but $4850 is security deposit intended to be refunded. Do I deduct $4850 from $9573 & enter $4723 in Turbo Tax when I enter rent incom
I got a 1099-MISC for rental income on my single family rental house. BOX 1 RENTS has $9573, but $4850 is security deposit intended to be refunded. In Turbo Tax, when I enter my rental income in BOX 1, should I deduct $4850 from $9573 and enter $4723 as the actual rental income I received.
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‎June 6, 2019
3:40 AM