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I lease my building (NNN) to a big box retailer.The company shows net rents paid to me plus RE taxes paid on 1099.I only report the rents I received. Am I doing it wrong?
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I lease my building (NNN) to a big box retailer.The company shows net rents paid to me plus RE taxes paid on 1099.I only report the rents I received. Am I doing it wrong?
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TurboTax Business Windows
June 1, 2019
12:15 PM
CherylW
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Investors & landlords
The rents paid (box 1) are reported. You can deduct the real estate taxes paid.
June 1, 2019
12:15 PM
