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Investors & landlords
TurboTax still wants to make the property a royalty property.
The 1099 MISC don't show up under forms, they are on schedule E. I went into view mode and deleted the 1099, changed the property type to rental, saved the file, and closed TurboTax. I opened TurboTax, entered the 1099 and assigned it to the correct property. I then looked at the rental and it still shows as a royalty. Also, when looking at the schedule E associated with the rental it shows as not done. The income is missing. The expenses are there, but it isn't showing the income. The summary in view mode doesn't show the income either.
March 5, 2023
6:50 PM