A.G. Kalman wrote:
- quote -


D'OH! (the "Homer Simpson slapping his forehead sound"...)

Thanks to Phil Marti and A.G. Kalman for the gracious and
enlightening answers. My only excuse is that it never
occurred to me that the landlord wouldn't already be
reporting the rental income... just shows to go you how much
I have to learn! At least, this is a great forum for doing
so.

-Mark Bole

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- quote -

Wouldn't the landlord be reporting all the rental income,
whether it comes from the residential part or home office
part? What difference does it make to the landlord?

Seth

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"A.G. Kalman" <glendale202-mtmtax[at]yahoo.com> wrote:
- quote -

So landlords aren't required to report rental income for
non-business purposes? They report the income in any case.
Why does sending in a 1099 on a part of the rent do anything
at all?

Stu

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Mark Bole wrote:

- quote -

You are a business deducting the ordinary and necessary
rental expense you incur. Every business paying rent of at
least $600 must issue a 1099-MISC to the owner of the
property with the amount of rent paid reflected in Box 1.

You can't expect the government to allow you to deduct the
cost (rent) of your space and then let the owner also take a
deduction (depreciation) for the same space without any
corresponding business income.

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"Mark Bole" <makbo[at]pacbell.net> wrote:

- quote -

Because the law requires it.

- quote -

I'd try Box 1, "Rents."

- quote -

Assuming you don't, ask for it.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

At the Turbotax web site
http://www.taxcenter.turbotax.com/PON/takeho
it states that if you rent and take a home office deduction
for your business, you are supposed to issue a 1099-MISC to
your landlord for the portion of rent you have deducted.

Why? And if so, what box on the 1099-MISC? (Assuming you
even have a tax ID number for your landlord...)

-Mark Bole

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >