Investors & landlords

Wait a minute. Where *exactly* are you reading the words "Cash, checks, Form 1099-K" ??? Now I'm using the CD version of Home and Business, and I don't see that combination of words anywhere in the rental income section. In fact, I'm never asked for checks or 1099-K income anywhere in the SCH E section of the program. I suspect that you are not entering your rental income in the Rental & Royalty Income (SCH E) section of the program, but are entering it (possibly incorrectly) elsewhere in the program.

The rental income sub-section of the SCH E section of the program only gives you three choices for reporting income.

1) cash rental income

2) 1099-MISC rental income

3) A mix of 1099-MISC and cash rental income.

I'm referring to the screen below, which is displayed when I click the "income" section of the SCH E.