What are step-by-step instructions on entering an offset to a 1099-K subject to offset by the 14-Day Rule for a Short-term Rental? Simply not reporting is not an option.

The property went from being investment, to personal, to investment in same calendar year. Therefore, I need to be thorough in what is reported from the 1099-K vs. other rental income.

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Expert Alumni

Feb 5, 2025 3:23:27 PM

The following are the steps to remove rental income that is not required to be reported due to the IRS Minimal Rental Use rule.

Minimal rental use: There's a special rule if you use a dwelling unit as a residence and rent it for fewer than 15 days. In this case, don't report any of the rental income and don't deduct any expenses as rental expenses.

Other Miscellaneous Income:

Go to Tax Home (left panel) Wages and Income section of TurboTax
Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
Select Other reportable Income > Enter a description (----) and the amount
Repeat these steps then enter the description Less than 15 days rental and a negative same amount (-100)

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What are step-by-step instructions on entering an offset to a 1099-K subject to offset by the 14-Day Rule for a Short-term Rental? Simply not reporting is not an option.