I am trying to use TurboTax Home and Business software download to windows to file my taxes. I have a few questions:
I have three rental properties in an LLC that I have a property management company manage and they have given me one 1099 for all the properties.
1) Do I file my real estate taxes under Schedule E under Business Expenses?
2) When I start entering each of the three properties it is asking 1099 Income for each and I have a separate Profit/Loss statement which tells me exactly what my Gross / Net is but not from a 1099 Individually. Can I still use the numbers from P/L even thought there is not a separate 1099 per property Issues by my property manager?
3) The main Business section also has a Schedule C / Business 1099 portion. Do I enter the 1099 from my property manager here instead? If I need to do #2, then I guess I am not doing #3?
Please advise.
