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tvbolden
Returning Member

1099-misc

I have a section 8 property.  I received a 1099-misc from the section 8 housing agency and a 1099-misc from my property management company for the same amount.  Which one do I enter in turbo tax?

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3 Replies
LeonardS
Expert Alumni

1099-misc

If the 1099-MISC reports the same information as your management company you may use either one.  However, you may want to use the 1099-MISC as this would also report the information on Form 1099-MISC that was reported to the IRS.

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tvbolden
Returning Member

1099-misc

One of the 1099s has my personal information and the other has my LLC information.  Does that make a difference?

AliciaP1
Expert Alumni

1099-misc

You should use the one for your LLC and enter it as self-employment income.

 

To do this in TurboTax Online by following these steps:

 

  1. Open or continue your return in TurboTax
  2. Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
  3. Answer Yes on the Did you have any self-employment income or expenses? screen
    • If you land on the Your 2021 self-employed work summary page, select Review next to the work you're adding income for
  4. Answer the questions on the following screens until you arrive at Let's enter the income for your work
  5. Select the form that applies to your situation and Continue
  6. You can enter the info from your 1099 form on the following screens

@tvbolden

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