topic Re: 1099-Misc help in Get your taxes done using TurboTax

1099-Misc help

zyx321 — Mon, 06 Jul 2020 21:28:55 GMT

Hi,

My wife and I own a rental property and we received a 1099-MISC from our property manager that includes the rent we charge as well as Box 3 (Other Income). That other income is pet rent (the fee we charge for the tenants having a large dog). TurboTax Premier wants to file it as a Schedule C, but I disagree. I'm not entirely sure where it should go, but pretty sure it shouldn't go on a Schedule C. Am I wrong? If not, what do I do to have it report correctly? Thanks!

Re: 1099-Misc help

Bsch4477 — Mon, 06 Jul 2020 23:50:04 GMT

Report it all as rental income.

Re: 1099-Misc help

zyx321 — Mon, 06 Jul 2020 23:53:36 GMT

Thanks!

Re: 1099-Misc help

Carl — Tue, 07 Jul 2020 00:24:42 GMT

For next year, I would suggest you inform your property manager of the following.

All income received for rental property from all sources for any reason is rental income. Period. End of Story.

So next year everything *and I mean every single penny* gets reported in box 1. If they disagree, then find another property manager. They're just flat out wrong.