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How to deduct rents I distribute to the landlord?
I manage a property for my cousin. When I receive rent from the tenant, I deduct my fee and distribute the remaining to my cousin. I received a 1099-MISC for all the rents and I can include them in the business income, but where in Turbo tax can I report the rents that I have distributed to my cousin? Is it under "Other Common Business Expenses" or somewhere else?
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‎January 26, 2024
6:52 PM