I paid rental property expenses and issued 1099-NECs.
I read the post below and see were to select that I issued 1099-NECs. Where do I enter the details of the 1099 form? I only see how to enter expenses as dollar amounts by category- not how to specify all of the information on the form.
Thanks
Federal -> Wages and Income -> Rental Properties -> edit a property -> Property Profile -> click continue to 7th screen.
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You don't enter the 1099 details anywhere on a Sch E ... you only enter the amount paid for the expenses you incurred.
Thanks, @Critter-3.
if I’m not providing the details of the 1099-NEC, then why does TurboTax ask if I issued any? Does the IRS need to know what expenses were from 1099s vs those that were not?
The program is interview based ... the questions asked lead to other questions like a tree and it's branches. If you said you did not file them and you do need to file them then the option/instructions to file them would be presented to you.
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