How to Add 1099-MISC to a 1065 partnership form in turbotax for rental income?

[creeter]

Hi there,

I have a multi-partner LLC with rental income. I recently engaged a property management company and they provided a 1099-MISC form for rental income. 90% of the rental income for the year came to me directly and I managed this in quickbooks, including the rental income from the 1099-MISC.  Turbotax automatically pulled in my quickbooks account into the 1065 form, but I am not seeing anywhere where I can capture the fact that a small portion of the rental income was from the 1099-MISC.  How do I do this?

Thanks,

Creeter

[DianeC958]

You do not need to enter the 1099-Misc received directly as the form you can add the income in the Rental Real Estate Section of TurboTax Business using the amount on the 1099-Misc Form.

The IRS looks on your return to make sure that you have claimed at least the amount of income that is on the 1099-Misc form.  It is when you claim less income then what is on the 1099-Misc form that causes issues.