Do I need to file 1099K for my rental income? I did enter the rental income in schedule E. This year I received 1099K due to using Zillow to receive the rent payments

Forum|Forum|11 months ago
April 6, 2025
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I couldn't find 1099K for rental property income on turbotax software. If I do need to file 1099K and enter my rental income there, should I enter income in schedule E as zero?

Best answer by JamesG1

I would enter into the IRS form 1099-K income from within the rental property activity on Schedule E Supplemental Income and Loss.

In TurboTax Premium Online, report the income by following these steps:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Click to the right of Rentals, Royalties, and Farm.
Click to the right of Rental Properties and Royalties.
At the screen Your 2024 rentals and royalties summary, click the pencil icon to the right.
At the screen Here's rental property info, select Add income to report rental income.
Select Form 1099-K to report the income.

JamesG1Answer

I would enter into the IRS form 1099-K income from within the rental property activity on Schedule E Supplemental Income and Loss.

In TurboTax Premium Online, report the income by following these steps:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Click to the right of Rentals, Royalties, and Farm.
Click to the right of Rental Properties and Royalties.
At the screen Your 2024 rentals and royalties summary, click the pencil icon to the right.
At the screen Here's rental property info, select Add income to report rental income.
Select Form 1099-K to report the income.

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paul9339Author

Thanks for your message. It is very helpful. By doing this, would a 1099K form be attached to my tax return? Or there would be no 1099K form attached if I don't have income other than rental property on my 1099K.

Paul

KrisD15

None attached.

Form 1099-K is used to report/enter income, the form itself is not attached to your 1040.

If you enter via the rental section, the 1099-K will show as the source of the income on the Schedule E worksheet, but not on Schedule E nor Form 1040.

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