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Investors & landlords
Thanks again, and now I am pushing my luck, but this brings me to my last question: on what line of the 1065 should that 1099 amount be deducted?
None of the categories seem to fit "money I have collected for someone else". If I had to choose one, "Rent" seems to be closest, but this is obviously not rent that I have paid... Maybe "Salaries and Wages"? Other deductions?
This is what caused me to ask the question in the first place. When I saw that there is no clear place to deduct "money I collected for someone else" it made me wonder if I should have any of this stuff on my own 1065 at all.
‎June 12, 2022
8:22 AM