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mgurantz
New Member

Regarding income from rent, form 1099-MISC not showing up in the summary page

Is Intuit planning to correct this issue, or are we supposed not to see this number through the tax season 2024 ?

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3 Replies
KrisD15
Expert Alumni

Regarding income from rent, form 1099-MISC not showing up in the summary page

If you received rent, be sure to establish SCHEDULE E (Rental Property and Royalties) first so that the income on the 1099-MISC as a place to go. 

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mgurantz
New Member

Regarding income from rent, form 1099-MISC not showing up in the summary page

I have to finish yet my return, and I tip-toe around the 'business' landmine.

I think this should not have happened, and unfortunately was tested enough to ensure consistency with previous editions of "Home and Business".

The Business Tab should not automatically used, without a notice, as a default work method. It gives erroneous results, and cannot be reversed. I had to start all over.

PatriciaV
Expert Alumni

Regarding income from rent, form 1099-MISC not showing up in the summary page

Form 1099-MISC that reports business, farm, or rental property income will be displayed under those topics of the Business Summary screen in TurboTax Home & Business (or the income summary screen in other versions of TurboTax). 

 

Only non-business income from Form 1099-MISC will remain on the 1099-MISC under Other Common Income on the Personal Income screen. When applicable, TurboTax tries to link your income to a business, farm, or rental property for your convenience. This consolidates your income under the related topic. It is not a program defect.

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