Carl
Level 15

Investors & landlords

Just a side note here.

They sent me a 1099 MISC with the rental income in box 7

Box 7 on a 2019 form 1099-MISC is not valid for *ANYTHING*. That box is greyed out completely on the most recent version of the 2019 form. But I do note that the instructions for the 2019 form have not as of yet been updated to reflect this. Odder still is that the sample form in the instructions show that box 7 is greyed out. Even so, rental income is reported in box 1. Period.