Rents on 1099-MISC from Housing Authority of the Cherokee Nation

Forum|Forum|3 years ago
March 16, 2023
2 replies
9 views

My client received a 2022 Form 1099-MISC from Housing Authority of the Cherokee Nation with $4,400 reported in Box 1 Rents. She said this was money the Cherokee Nation paid her for her brother to stay with her while the Cherokee Nation tore down his old house and built a new house. Can I report this income on Schedule E and select Other type of property by entering "HACN Rental Assistance" in the applicable field, and not making an entry in Number of days rented?

Note that this generates a Suggestion "Schedule E #1: Number of days rented may be required for this rental real estate property.", not a Critical Diagnostic. This also generates a Federal Statement

Statement 1

Schedule E, Part I - (address of property)

Other Type of Property

Type of Property: HACN Rental Assistance

Is this statement sufficient for the Instructions for Schedule E page E-6 to Attach a statement to your return describing the property?

ProConnect Tax

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PhoebeRoberts

Intuit Community Champion

Sounds like a fine presentation to me.

N

nmmsAuthor

Level 5

The taxpayer is not just renting out a room in her home, she is sharing her entire 3 bedroom, 2 bath home with her brother for a period of one year. How do I accurately apportion her expenses to make sure she properly divides any expenses between personal and rental use?