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1099-misc from rent is double counted for my LLC income
I got a a 1099-misc from Housing authority for rental income. When I entered this into my tax returned the amount appeared under Business income and expense. But that amount is already reported under the rental property and royalties. I saw both my federal and state refund decrease as result of adding 1099-misc.
Also since my rental property income is negative even if I remove that amount in 1099-misc it doesn't not affect my federal and state refund.
Should I remove 1099-misc?
Also since my rental property income is negative even if I remove that amount in 1099-misc it doesn't not affect my federal and state refund.
Should I remove 1099-misc?
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‎June 1, 2019
12:46 AM