Rental Income: Farm or Rental Property?

Forum|Forum|3 years ago
April 5, 2023
1 reply
0 views

Have small farm. Rent it to farmer who pays a yearly rent and issues a 1099-MISC. Problem: Rent amount
appears in my TBT return as both Rental Property Income and as Farm Income & Farm Rental.

How to delete the incorrect entry?

PatriciaV

Employee

Yes, you need to delete your entry of Form 1099-MISC and enter this information under the Farm Income section only. Sometimes TurboTax doesn't match a 1099 with the associated business. In most cases, it's better to enter your business/farm income under the specific topic rather than use the 1099 section.

Open your return and search for "1099-misc". Use the "jump to" link to go to the list of 1099's on your return. Click Delete (or the trash can icon) to delete the 1099 that duplicates your farm income.

[edited 4/5/2023 | 3:34 pm PDT to add search]

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