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Investors & landlords
@mteam You just enter each "asset" separately.
Sure, that will work for the 1099-MISC. There really isn't even a need to report a 1099-MISC. You can just report it as cash income for the rental.
However, because they sent you a 1099-MISC with the income in Box 3, the IRS might sent you a notice because the IRS computer doesn't "see" that income where Box 3 income usually goes. If that happens, just respond to the notice indicating that was rental income reported on Schedule E.
‎April 3, 2020
6:16 PM