How do I report the 1099 misc rental income under the 14 day exclusion rule in Turbo tax ?

Forum|Forum|6 years ago
June 6, 2019
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PaulaM

Employee

First, enter the 1099-MISC for the 14 days or less rental in the Less Common Income section, Miscellaneous income, Other Reportable Income. Enter a description, '14 day rental exclusion' and the amount.

Second, repeat the steps but for the amount, enter as a negative number. In effect, you have cancelled the income amount.

The two entries will show on line 21 of your 1040, but a taxable amount of zero.

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eiermanma

I can't find how to do this in Turbo Tax 2022. Under other taxable income it says do not enter information from a 1099 MISC. Any help would be appreciated. Thanks

AnnetteB6

If you are trying to report rental income for your primary residence that was less than 15 days, use the following steps:

Go to Federal
Then to Wages & Income
Next scroll to Less Common Income
In this category, find Miscellaneous Income, 1099-A, 1099-C
Then scroll to Other Reportable Income
Next find Other Taxable Income
Enter a description for the income reported on your Form 1099-MISC and the income amount

Repeat the steps above to enter a negative income amount, thus reporting the income and then subtracting it on the same line.

You will not be entering all of the other details from Form 1099-MISC, but the income reported to you will be included as part of your tax return in the event that the IRS ever questions you about it.

@eiermanma

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