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If the credit you received is a reduction on the rental fee you paid, then you report on his 1099-MISC the net rental fee paid (normal rent minus the credit).
If the credit is given to you by someone else, you report the gross rental fee you paid on his 1099-MISC and report the credit as a business income on your Schedule C..
If the credit you received is a reduction on the rental fee you paid, then you report on his 1099-MISC the net rental fee paid (normal rent minus the credit).
If the credit is given to you by someone else, you report the gross rental fee you paid on his 1099-MISC and report the credit as a business income on your Schedule C..
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