Question
Apartment/dwelling rented for 10 days and received a 1099-Misc, how to report?
Client rented out apartment dwelling to movie studio for 10 days and received a 1099-Misc for rental income. IRS pub 527 has special rule if dwelling unit is used as residence and rented for fewer than 15 days don't report any of the rental income. Since a 1099 was issued should we report that as other income then have a corresponding negative amount to zero it out since it is not taxable?
