To properly track your profit and loss for each rental property you should break the single Form 1099MISC into multiple Forms 1099MISC as if you had received a separate Form 1099MISC for each property. For example, if your Form 1099MISC shows an income of $90,000 for 3 properties, you would
find out from the property manager how much rent each property produced and enter each separately.
Make sure the total of your Forms 1099-MISC entered in TurboTax equals the amount on the one received from the property manager.
Below are some useful articles on Rental Property.
Rental Property Tax Tips
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