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I have a 1099-misc for a commercial rental property under my llc. do i include the 1099-misc amount under self-employed or simply as a rental property.

Forum|Forum|4 years ago
April 9, 2022
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i use my llc for other busn expenses such as travel, mileage, etc.. if i leave my 1099-misc under rental property, i these expenses in my llc will show a loss yr over yr.

TurboTax Self Employed Online

Best answer by ZoltanB45

The 1099 is for rents received so it would go on schedule E. I am assuming that the LLC is single member and not a partnership. Put it in the rental property section.

JohnB5677

Please clarify what the 1099-MISC is for?

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mkim041Author

Commercial real estate rents from my property management co.

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ZoltanB45Answer

The 1099 is for rents received so it would go on schedule E. I am assuming that the LLC is single member and not a partnership. Put it in the rental property section.