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To enter or review the information for Form 1099-MISC, Box 1 Rents:

If you have not already entered the applicable Schedule E information:

  1. From within your TaxAct® return (Online or Desktop), click on the Federal tab. On smaller devices, click in the upper left-hand corner, then select Federal
  2. Click Rent or Royalty Income to expand the category and then click Real estate rental income
  3. Click Add to create a new copy of the form or Review to modify a form already created
  4. Continue with the interview process to enter all of your applicable rental information
  5. When you reach the screen titled Rental Income – Income, click Yes
  6. Click Yes to indicate that you received a Form 1099-MISC
  7. Click Add to create a new Form 1099-MISC
  8. Click Form 1099-MISC Quick Entry to open the Quick Entry window
  9. Enter all of the applicable information from your Form 1099-MISC
  10. Close the Quick Entry window
  11. Click Continue twice
  12. Assign the Form 1099-MISC that you just entered to the Schedule E that you are currently completing from the Assigned form or schedule drop-down list

If you have already entered the applicable Schedule E information:

  1. From within your TaxAct® return (Online or Desktop), click on the Federal tab. On smaller devices, click in the upper left-hand corner, then select Federal.
  2. Click Form 1099-MISC
  3. Click Add to create a new Form 1099-MISC
  4. Click Form 1099-MISC Quick Entry to open the Quick Entry window
  5. Enter all of the applicable information from your Form 1099-MISC
  6. Close the Quick Entry window
  7. Click Continue
  8. Assign the Form 1099-MISC that you just entered to the applicable Schedule E from the Assigned form or schedule drop-down list

NOTE: Form 4835 - If you were the landowner (or sub-lessor) and did not materially participate (for self employment tax purposes) in the operation or management of the farm, use Form 4835 to report farm rental income based on crops or livestock produced by the tenant. See Chapter 12 in IRS Publication 225 Farmer's Tax Guide for the definition of material participation for landlords. Use this form only if the activity was a rental activity for the purposes of the passive activity loss limitations. See Form 8582 Instructions Passive Activity Loss Limitations for the definition of rental activity.

Schedule C - If you provided significant services to the tenant, sold real estate as a business, rented personal property as a business, or you and your spouse elected to be treated as a qualified joint venture, report on Schedule C.

Schedule E - Report rents from real estate on Schedule E. See IRS Publication 527 Residential Rental Property for additional information.

If you also have federal and/or state tax withholding reported in Box 4 or 16, see Form 1099-MISC - Box 4 or Box 16.

Note that any link in the information above is updated each year automatically and will take you to the most recent IRS version of the document at the time it is accessed.


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