AnnetteB6
Employee Tax Expert

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.

 

@bakerfam3 

 

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