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March 15, 2025
Question

need help filing 1099-MISC

  • March 15, 2025
  • 2 replies
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Need help filing1099-MISC received from Rental Agency

    2 replies

    March 15, 2025

    @nouman-masood   You will need Turbotax Home & Business to file a tax return with a rental property.  

     

    Do you have a specific question?

     

    Here is  a great source for advice: https://turbotax.intuit.com/tax-tips/rental-property/real-estate-tax-and-rental-property/L3e09vT71

    **I don't work for TT. Just trying to help. All the best. ***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
    March 15, 2025

    Report is as rental income with the 1099-MISC (Box 1 for your entry) and if it's not actually rent, you may be able to subtract it as a rental expense depending on what the money was received for, from your Rental Agency. 

    Please update here with additional details if you need further assistance and we will help.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"