Augusta Masters Rental for 5 days, Airbnb sent 1099-K

gb1 — Sun, 09 Feb 2025 16:56:16 GMT

Augusta Rule should apply.

What should I do now? Thank you.

Re: Augusta Masters Rental for 5 days, Airbnb sent 1099-K

AnnetteB6 — Sun, 09 Feb 2025 17:02:19 GMT

Since your property was rented less than 14 days, no entry is required to be reported on Schedule E Rental Income and Expenses. However, if you enter the income reported on Form 1099-K or 1099-MISC in the normal place where this data would be entered, TurboTax is going to take you through the Schedule E section as well.

Instead, use the steps below to report the income and report the same amount as a negative adjustment. Ignore the messaging that says do not enter Form 1099-MISC or 1099-K in this manner to avoid going through Schedule E.

Go to the Income section of your return
Scroll to the Less Common Income category
Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
Scroll to the bottom of that section and click Start or Update beside Other reportable income
Answer Yes
Enter your description and amount for the income you received (rental less than 14 days on 1099-K)
Enter your description and a negative amount for the income you received

The end result is that no additional income is reported on your return, but there are two income entries shown on Schedule 1 line 8z.

topic Augusta Masters Rental for 5 days, Airbnb sent 1099-K in Business & farm

Augusta Masters Rental for 5 days, Airbnb sent 1099-K

Re: Augusta Masters Rental for 5 days, Airbnb sent 1099-K