I have a 1099-misc for a commercial rental property under my llc. do i include the 1099-misc amount under self-employed or simply as a rental property.
i use my llc for other busn expenses such as travel, mileage, etc.. if i leave my 1099-misc under rental property, i these expenses in my llc will show a loss yr over yr.
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1 Best answer
ZoltanB45
Level 8
Apr 10, 2022 12:18:25 PM
The 1099 is for rents received so it would go on schedule E. I am assuming that the LLC is single member and not a partnership. Put it in the rental property section.
4 Replies
JohnB5677
Expert Alumni
Apr 10, 2022 7:19:23 AM
Please clarify what the 1099-MISC is for?
mkim041
New Member
Apr 10, 2022 11:44:27 AM
Commercial real estate rents from my property management co.
ZoltanB45
Level 8
Apr 10, 2022 12:18:25 PM
The 1099 is for rents received so it would go on schedule E. I am assuming that the LLC is single member and not a partnership. Put it in the rental property section.