I received a 1099-MISC from my property management company for a rental unit. In box 1 of the form they entered the amount that is derived after deducting repair expenses and management fees from the total rental income. The company has provided me with list of expenses and fees.
A second rental unit that I own but is managed by a different company sent me 1099-MISC but it has the total rental income in box 1. They also provided me with a list of expenses and fees.
For both 1099=MISC all boxes expect box 1 has $0.00
Two different property management companies with two different approaches to 1099-MISC box 1 amount. How do I handle both of these different types of 1099-MISC in TT?
