- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
When you receive a 1099-misc for home rental income 14 days or less enter the amount in the Less Common Income section,: Miscellaneous Income and then click Other Reportable Income .
Use the description "14 day rent rule" .That takes care of reporting the income.
Then same steps ,same description, enter the same amount as a negative.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
When you receive a 1099-misc for home rental income 14 days or less enter the amount in the Less Common Income section,: Miscellaneous Income and then click Other Reportable Income .
Use the description "14 day rent rule" .That takes care of reporting the income.
Then same steps ,same description, enter the same amount as a negative.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
Turbo tax really missed the boat on handling this. If you don't report the 1099 then IRS flags your return for unreported income. So -you need to report it and the zero it out. Turbo instructions please and update your software!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
How do I "zero out" the 1099 misc rental income that is less than 15 days?
Thanks
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
@johndeerehunter As @view2 says above you will go to the 'Wages and Income' section and scroll down to 'Other Income' and enter the income from the 1099-MISC. It asks for a description of the income and in that space you will put "14 day rent rule". Then, on the next line, put the same description and a negative of the same amount as you put on the first line. That will zero out the amount so that it is reported to the IRS but not taxed.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
Great!
Thanks for getting back on this.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
I'm using TTX Home and Business and I don't seem to have those options. Can you please further explain. Specifically I'm confused as to where the 1099-MISC goes. Do I not put the income at all under the 1099-MISC section ONLY under the LESS COMMON INCOME: MISCELLANEOUS INCOME: Then type in the 1099-MISC as best possible?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
Follow these steps:
- Log into your return
- Go to Federal
- Click on Income
- Scroll to the bottom section, Less Common Income
- Select Miscellaneous income, 1099-A, 1099-C, start
- Select Other income not already reported on a W2 or 1099, start/edit
- Other wages? Yes, continue
- continue, continue
- Other Earned Income, yes, continue
- Source? other, continue
- Description - 1099 MISC, amount
- done
continue, continue
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
When I went to file in the Less Common section it says DO NOT enter information from 1099 MISC. What do I do?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
What form are you trying to enter and what Is the reason you got the form (what kind of income was it for)? This thread is old and I'm not sure which post you are replying to so I need a little more info. You can enter the form in different places depending on why you got it. @megpatpren08
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter a 1099-misc for rental less than 14 days..."schedule e" gives me an error because it is less than 14 days and therefore not taxable.
Hello,
Thanks for your response.
I have a 1099-MISC form that I received for a TV production being filmed on the property of my primary residence. They used my land but not my actual house and we were living in our house throughout the duration of filming. The length of filming was 11 days. I think there is a "14 day rule" but, I am not sure how to file this information. The box that is filled on the 1099-MISC is "rents". Thanks!
Still have questions?
Make a post