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1099-MISC Reporting for Rental Income
Every Year I receive a 1099-MISC for the Income I get from my Rental Property Manager.
Every Year I have reported that 1099-MISC in the 1099-MISC section which explains in the "Learn More" help that
"Income reported on Form 1099-Misc Examples include:
- Money received from rents or royalties"
Now...under the "Rental Properties and Royalties" section "Income and Expenses from Rentals..."
While entering the information for my rental property, I am asked to enter the Income from "Cash, Checks, Forms 1099-MISC and 1099-K", Am I supposed the enter in the Rental Income from the 1099-MISC here? Instead of the 1099-MISC Section? or report in Both??
March 15, 2021
10:36 AM