Handling Rental Income on Tax Return

Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Original Message:

Re: Handling Rental Income on Tax Return (by Anne P.):

Extra Holidays sent a 1099-MISC with the gross rental amount (i.e., before their 40% commission was deducted) in Box 7 (non employee compensation). That implies it needs to go on Schedule C, not Schedule E. Please advise.