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Investors & landlords
Use the following steps to report your rental income for less than 14 days, and report the same amount as a negative adjustment:
- Go to the Income section of your return
- Scroll to the Less Common Income category
- Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
- Scroll to the bottom of that section and click Start or Update beside Other reportable income
- Enter your description and amount for the income you received
- Enter your description and a negative amount for the income you received
The end result is that no additional income is reported on your return, but there are two income entries shown on Schedule 1 line 8z.
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March 7, 2023
6:42 AM
3,205 Views