1099-Misc for rental income received

Forum|Forum|4 years ago
August 9, 2021
2 replies
12 views

Hi all

Client receives some rental income in cash, and some from a real estate agent who issues client a 1099-MISC for a couple months of rental for the same property.

Can I enter all rental income directly into E, or do I need to add the 1099-MISC into a 1099-MISC form so that the IRS picks up this portion?

Thank in advance for any advice

Nolan

ProSeries Professional

This topic has been closed for replies.

Best answer by Norman2001

If a client receives a 1099-MISC for rental income, I enter the information on the Sch E worksheet, Line 3 "Rental Income from Form 1099-MISC".

S

sewcpa

Level 6

I NEVER use the 1099-MISC (or NEC) input screens.

Make a copy of the 1099 to put in your file for your records (IRS does not care about the form it is only looking that the total income equals or exceeds what IRS knows about)

I frequently used the supplemental detail statement to list 1099s and other income to total the actual income (whether that is rent income or contract labor income or mortgage interest expense...)