turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I enter investment RENTAL properties - I have 8 properties and only 1 form 1099-Misc combining all 8 properties

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT1
Expert Alumni

How do I enter investment RENTAL properties - I have 8 properties and only 1 form 1099-Misc combining all 8 properties

If you know the rent you charged for each property, you can allocate the amount of rent received to each property on Schedule E. You do not need to enter the form 1099-MISC as long as you report the same total amount as rental income. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
MinhT1
Expert Alumni

How do I enter investment RENTAL properties - I have 8 properties and only 1 form 1099-Misc combining all 8 properties

If you know the rent you charged for each property, you can allocate the amount of rent received to each property on Schedule E. You do not need to enter the form 1099-MISC as long as you report the same total amount as rental income. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Carl
Level 15

How do I enter investment RENTAL properties - I have 8 properties and only 1 form 1099-Misc combining all 8 properties

Just treat it "as if" you did not receive a 1099-MISC at all, and report the rental  income/expenses for each property separately as normal on the SCH E. When you e-file the return, if you did enter a 1099-MISC that form or the fact that you even received a 1099-MISC form is *not* transmitted to the IRS with your return. The IRS only has the copy the issuer sent them.

So long as your total rental income reported on your tax return is the same or more than the amount reported on the 1099-MISC box 1, it's no big deal and you'll be fine.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question