I think G is government, the 1099G's I recieved both came from the state, 1 as unemployment and the other from the State Department of Homeland security - the latter was recieved as COVID rental assistance. I have a question out there asking about how not to get it to link to the property in place of a 1099k or misc. I don't want to be taxed twice on the amount.

Carl11_2

Employee

No, not at all. The 1099-G is not used to report rental income of any type. I suspect you got some kind of relief from the state for the loss of rental income due to COVID. What box is it reported in? Box 6 par chance?

ostace

Box 6 - taxable grant has the amount I recieved as the COVID rental assistance. How do I link this to the property to get the amount recieved to show as rental income? I don't want to be taxed twice on it.

DawnC

Employee

You don't need to link it to the property. Delete the income you entered with the property (either as a 1099-K or MISC or?) and leave the 1099-G box 6 income in the Other Income section. The money is taxable (ordinary income) there, but it is not subject to self-employment taxes and if you link it to the property, it will generate self-employment tax. This way, you are only taxed ordinary income tax ONE time. If Box 8 of the 1099-G is marked, that would indicate that the income is business income. In that case, an adjustment to your self-employment tax would need to be made.

Enter the 1099-G from the Other Common Income section if you have taxable grants to enter. Use the OTHER 1099-G section.