How to file Contract Costs on Schedule E?

MMoerk
MMoerk Member Posts: 1 Newcomer
in Filing my taxes

I own a rental property and paid for contract labor during the previous tax year. I have already filed the required Form 1099-NEC with the IRS. However, I am having trouble updating Schedule E, Part I, Line A.

Specifically, I need to check "Yes" to the questions regarding whether I made payments that required the filing of Form(s) 1099 and if I did, in fact, file them. When navigating the automated questionnaire for Schedule E, I don't see an option to input "Contract Labor" costs or trigger these checkboxes. I see these options available for Schedule C, but since this is a rental property and not a business, I need to reflect this correctly on Schedule E. Where can I find these specific entry fields?

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Answers

  • CoryF
    CoryF FreeTaxUSA Agent Posts: 231 image
    edited February 18

    Hello MMoerk,

    FreeTaxUSA does have the capability to answer this question on your Schedule E. However, it is not a screen that is close to or part of the Rental Schedule E. Please see this screenshot for the right place to click to change that question:

    image.png

    Please contact our Customer Support team if you have further questions.

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