You'll need to sign in or create an account to connect with an expert.
No, if you enter the 1099 and then also enter rent, you will be double reporting the rent. I recommend you treat the 1099-MISC as if it was two separate forms, each one representing the rent for one property. Enter each of your "two" Forms 1099-MISC with the property it represents. The combination of the "two" will total the actual amount the original.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bbdennis1
New Member
rivera6498
New Member
woody726
Returning Member
taxnightowl
Level 3
mahrjb
New Member