My tenants sent me a 1099-NEC for rents they paid, which I believed they’ve used the wrong form, so I’ve contacted them and they issued me a corrected 1099-NEC with an amount of “0”, then issued me a new 1099-MISC instead. Now, when I file my tax return with Turbo Tax, do I upload all three 1099s: the first original 1099-NEC, the corrected 1099-NEC with a “0” amount, and the right 1099-MISC? Or do I just upload the corrected 1099-NEC and the correct 1099-MISC? Or just simply ignore the two 1099-NEC and just the 1099-MISC? Thank you
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It sounds like they corrected the 1099-NEC they initially issued, which is why the second one shows 0. In this case, you should only report the 1099-MISC amount on your Schedule E as gross rent received during the year. To enter your rental follow the steps below:
The program will guide you as you enter all the information for your property.
Thank you so much!
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