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Rental Properties, Schedule E and 1099-NEC
My rental property received a 1099-NEC with the business TIN on it. There is no where to report this on Schedule E. How do I handle this?
April 10, 2021
9:39 AM
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Investors & landlords
A 1099-NEC is for non-employee income. Income is normally reported on Schedule C. We do want to help you with this. Please clarify what the 1099-NEC was for so we can determine if it should go on Schedule E.
April 10, 2021
5:31 PM
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Investors & landlords
Our apartments have an agreement with a local cable company to promote their company and we get a small percentage of sales.
April 10, 2021
5:52 PM
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Investors & landlords
No, this is not Schedule E income. You are, in effect, in the business of sales for your cable company. This is Schedule C income.
April 11, 2021
9:21 AM