Hello,
I received one 1099-K from Apartments.com (a.k.a. CoStar Realty) for three separate rental properties. The amount on the 1099-K is much higher than the actual amount of rent I received. I'm assuming this amount must include every penny received in my Apartments.com account, including, rent, late fees, utilities, security deposits, etc.
Which property do I associate the 1099-K with?
How/where do I allocate/enter the one 1099-K for the three properties?
What do I do about the late fees, utilities and security deposit amounts that are included on the 1099-K?
If I enter the actual amount of rent received for each property, like I always have in the past, the total rents received for the three properties won't match the one 1099-K?
Thank you for your help!
DGX
