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cmfoste
New Member

My 1099-misc and Schedule e are for the same thing (rental property) do I have to put both?

 
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2 Replies

My 1099-misc and Schedule e are for the same thing (rental property) do I have to put both?

I think what you're saying here is that you entered your rental information using your own records AND received a 1099-MISC - probably from a property manager - that's reporting the same information that you've already entered.  IF that's correct THEN there's no need to ALSO enter the 1099-MISC.  To do so would end up in some double reporting of income. 

Don't be concerned that the IRS will somehow not "see" the 1099-MISC in your income tax return because absolutely no detail about a 1099-MISC gets transmitted to the IRS in your income tax return, even though TurboTax instructs you to enter the payer's name, payer's TIN, etc.  All that happens when you enter a 1099-MISC is that those dollars show up somewhere in your income tax return, and you've, (I think), already have those dollars entered.

Tom Young

sq8188
New Member

My 1099-misc and Schedule e are for the same thing (rental property) do I have to put both?

Thank you!

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