When I enter this information in TurboTax under the 1099-Misc income section, I see my tax due amount spin upward despite the fact that I have accumulated nearly 70K in passive losses this year.Or, instead of entering this 1099-Misc income in TurboTax under the 1099 section, do I simply add it as another asset in Schedule E and use the gross amounts provided in the 1099 as my gross rents?

Originally posted by @Lynnette E.

Can the resulting Schedule D gains be written off against Schedule E loss carryforwards?  

Needless to say, there really aren't any more in the Springs or N/E/W of town so I've also been starting to look at properties in Pueblo.

Our building is not held in any corporate or LLC structure, so we just file a schedule E with our return.I was wondering if there was a way to take some of the income from the building and pay ourselves a nominal amount that we could report on our schedule C's using a 1099-misc?

Page 2 of Sch E.

Thanks for the input @Chris Shepard and @Lynnette E.

Originally posted by @Lynnette E.

That IP address is a Google e-mail server.

"I've never paid any bill on time ever and have managed to save $600...can you put me in that E-Class for $400 a month"??