AmyC
Expert Alumni

Investors & landlords

I am leaning towards marking the income as nominee. Assign it to your mom since she has the house and expenses to go against it. That makes the most sense.

There is not a good method. Two steps, one to enter the income and the other to mark nominee.  I suggest:

Enter the income:

  1. Income and Expenses
  2. Other Common Income
  3. Form 1099-MISC, start
  4. screen Who paid you/ Let's get the info
  5. enter the 1099-MISC information
  6. Source of the 1099-MISC
  7. select bottom Nonbusiness income from rental of personal property or equipment
  8. continue
  9. Do you have another 1099-MISC, no

 

 

Now to make it nominee:

  1. Back to federal income
  2. scroll to bottom Miscellaneous income, start
  3. scroll to bottom other reportable income, start
  4. Other Taxable Income
  5. Enter nominee 1099, your mother's name and social security number
  6. Enter the 1099 amount as a NEGATIVE $$$
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