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Cinsha
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Problem with TT2023 not recording rental income that is not on a 1099-MISC or a 1099-K.

Problem with TT2023 not recording rental income that is not on a 1099-MISC or a 1099-K. TT2023 will not record it, just keeps going back to the Rental Income screen. If I select Other income not on a 1099-MISC, or a 1099-K, the amount won't record.  If I select Visit All TT2023 just cycles back and forth between the 1099-MISC screen and the 1099-K screen. Can't go any further. STUCK!

When will Turbo Tax fix this? I see by comments by others, that this has been going on for weeks!

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2 Replies

Problem with TT2023 not recording rental income that is not on a 1099-MISC or a 1099-K.

I am using the 2023 Premier Edition desktop for Windows and found this workaround.

When the program asks if you received a Form 1099-K answer Yes.  On the 1099-K enter any name for the Payer, any 9 digits for the Payer ID and then enter $1 in box 1a.  Click on Continue and click on Done.

This will take you back to the Form 1099-MISC question and  answer NO.  Click on Continue. 

You will now be back at the Form 1099-K Summary screen.  Click on the BACK button.  You can now continue the interview for the Schedule C.

Problem with TT2023 not recording rental income that is not on a 1099-MISC or a 1099-K.

Additionally, unless you are in the business of buying and selling rental properties then you should not be using a Schedule C for self-employment income.  You should be using a Schedule E if you are only a landlord reporting you rental property income and expenses.  The TurboTax program for rental properties does not have the issue of looping you back and forth between a Form 1099-MISC and a Form 1099-K.

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