PatriciaV
Expert Alumni

Investors & landlords

You may need to enter rental income after you change the property back to a rental to confirm the change. Also, the 1099 may be interfering with this process.

 

  1. Delete Form 1099-MISC, wherever it is entered. 
    --- If you're using TurboTax for Desktop, you can delete the related worksheet in Forms mode.
  2. Open the rental property & switch to rental property
    --- In Forms mode, open the Schedule E Worksheet and use the drop-down to change Property Type (anything other than 6 or Other). Then return to Step-by-Step.
  3. Continue through the interview to report the number of days rented, etc., then enter rental income.
  4. Continue back to the Property Summary page to save your work.
  5. Save your file and close TurboTax.
  6. Reopen your return and verify the property is still listed as a Rental.

Only after you are certain the correction has been made to the rental property can you re-enter Form 1099-MISC.

 

Note that you can't report both rental and royalty income for the same property. Be sure you have set up a new Royalty Property with a different description, although you can use the same address.

 

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