Generally, the IRS allows you to allocate the amount on Form 1099-K to individual rental properties on your return. The IRS may not directly match your Form 1099-K to the individual rental properties however, the IRS may contact you if it thinks there’s a discrepancy, the amount reported is smaller-than-expected income, based on its analysis of Forms 1099-K reported to you.
@Wendee in Carlsbad
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