turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

LilTaxCat
New Member

How to report income reported on a single 1099K between two Schedule E Rental income activities?

Hi! I am wondering if I should enter the 1099-K information twice, as if inputting two separate 1099-K forms, and allocate the income to each appropriate income activity. 

 

Will the IRS see this as accurate, as the 1099K information has been reported, and, added together, the 2 amounts equal the amount reported?

 

Thank you!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How to report income reported on a single 1099K between two Schedule E Rental income activities?

You don't have to enter the actual 1099K.  Just enter the right income on each Sch E.  I don't know the rental income questions but you probably can enter it as Cash or General, etc.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question