1099-misc reported on business or personal?

[sonnet]

Hello,

My wife and I own an investment property for rental (we don't have a separate business for it). We have got 1099-misc from our property management company, with numbers in box1 and box3. The amount in box3 is rental deposit deduction for repair after move-out.

Should I report this 1099-misc in business or personal section of TT?

Thank you.

[Anonymous]

the rental property is reported on schedule E or at least should be.  since the income relates to the rental it also should be reported on the same schedule E. 

[sonnet]

Thank you.

The business part has a section for rental income, do you know whether it generates schedule E or C?

The personal part also has a section to enter 1099-misc, so I am confused which one to use.

[KathrynG3 · Accepted solution]

Yes. In general, you should use Schedule E. Schedule C is sometimes used if investors meet certain criteria when flipping houses. 

In your case, an investment property for rental use is traditionally reported on Schedule E.

Here is a few articles that provides exactly what details you are looking for:

• Real estate and rental property
• Tax tips for landlords