☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Oct 2, 2023 7:25:32 PM

Where do I enter 1099-NEC for Rental Property

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

 

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-in-turbotax-is-1099-nec-reported/00/2261945

Federal -> Wages and Income -> Rental Properties -> edit a property -> Property Profile -> click continue to 7th screen.

 

0 3 1962
3 Replies
Level 15
Oct 3, 2023 6:23:49 AM

You don't enter the 1099 details anywhere on a Sch E ... you only enter the amount paid for the expenses you incurred.  

Level 2
Oct 3, 2023 7:08:53 AM

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?

Level 15
Oct 3, 2023 10:03:30 AM

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.