You'll need to sign in or create an account to connect with an expert.
Rental income must be reported on 1099-misc box 1.
You ask the issuer to make a correction: issue you a new 1099-Misc, for the amount and a corrected 1099-NEC for $0.
If you received an erroneous 1099-Misc, You have several choices:
4. Report it as rental income and hope you can explain it away when & if the IRS contacts you
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
hdefontes
New Member
jjkim1
New Member
lbestram
New Member
flatheadv82000-y
New Member
Guardioj25
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.