Why is the source of my 1099 coming up as rental income when it is not rental income?
02627
2 Replies
jayneway
Level 3
Apr 20, 2021 12:15:36 PM
1099 misc. i believe in box 1 is listed as rental income whereas box 7 is misc income. make sure to put the proper amount for each box number. and go over questions asked on program
Carl
Level 15
Apr 20, 2021 4:12:50 PM
Box 1 is rental income, while box 2 is royalty income. Both are reported on SCH E.