Hi All,
So my wife and I have one rental home that was use a management company for. We are pretty much 100% hands off with the property. They do everything. So.... we received a 1099- MISC this year and their was income in Box 3 (Other Income). This has not happened before. The amount in that box was less than $300. Turbo Tax says that you are unable to enter that income in the rental section and, as such, generates a Schedule C. My question is, do I have to go through the whole rigmarole of a Schedule C for 300 bucks?!? Is there a way I can stop TT from generating this form and entering it by reporting that income somewhere else? Or do I have to do the Schedule C?
