jtax
Level 10

Deductions & credits

Was the 1099-MISC issued to you or the LLC? Was the LLC a single-member or multi-member LLC? (Sound's like the later filing a 1065 with K-1 to you).

 

If the LLC owns the rental property, the 1099 should go to it and should be reported on the LLC's 1065 (flowing to you via the K-1).  If so do not put the 1099-MISC on your 1040.

 

If the 1099-MISC was issued to you personally, with your SSN, you need to figure out how to get that to appear on your return or you risk the IRS matching computers wondering where it is. I would ask your accountant about that. It could be that you just attach a statement and don't worry about it. If the IRS asks you can then easily show that it was reported on the LLC return. Of course the IRS might give you grief about why the 1099 went to you and not the LLC.

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