I received a 1099 MISC for a movie being filmed at my house for a few days. It is in box 1, rental. I was told that under 15 days a year it is not taxable. Do I enter it?

Forum|Forum|6 years ago
June 3, 2019
1 reply
0 views

I received a 1099 MISC for a movie being filmed at my house for a few days. It is in box 1, rental. I was told that under 15 days a year it is not taxable. where do I enter it? When I use rental, it taxes me and fills out schedule E. When I fill out schedule E, and I put number of days rental, it says don't use schedule E but doesn't tell me what to choose.

TurboTax Deluxe Windows

Best answer by PaulaM

If you rent for less than 15 days, the income is not taxable. But you still need to enter the form because the IRS also has a copy.

Enter the amount in the Less Common Income section, Miscellaneous Income and then click Other Reportable Income. Type '14 day rent rule' as a description and enter the amount.

Then repeat the steps above and enter the amount as a negative number. You have now reported the 1099-MISC form with a zero dollar amount effectively.

Delete the Schedule E form from the Forms Mode if you have no other rentals.

PaulaMAnswer

Employee

If you rent for less than 15 days, the income is not taxable. But you still need to enter the form because the IRS also has a copy.

Enter the amount in the Less Common Income section, Miscellaneous Income and then click Other Reportable Income. Type '14 day rent rule' as a description and enter the amount.

Then repeat the steps above and enter the amount as a negative number. You have now reported the 1099-MISC form with a zero dollar amount effectively.

Delete the Schedule E form from the Forms Mode if you have no other rentals.

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

sb2020

I am in this same position, but they sent me a 1099-Misc with the fee I was paid in box 7 instead of box 1. Can I still enter the fee in box 1 on Turbo Tax? I didn't provide any service besides letting them in the house.

Hal_Al

Employee

You can do that for simplicity, but it would be better to leave it in box 7 (that's what the IRS will be looking for). After you complete the TurboTax (TT) interview identifying this as misc income, TT will out it on line 8, of sch 1 as Non employee compensation on 1099-Misc.

Follow the instruction above for making a negative entry of the same amount.