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Investors & landlords
Thank you PatricaV. I did that, and Line 8/1040 is populated with the 1099-MISC Box 3 data. The issue is that this is counted as taxable income and it is really non-taxable per the IRS (as long as it does not exceed the value of the REIT-then the difference would be taxable. Somehow I need to note this 1099-MISC as non-taxable so TT doesn't use it in the tax calculations or cancel it out someway.
March 31, 2022
12:55 PM