326629
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

amboren1
New Member

How to enter 1099-MISC info for multiple properties since Turbo Tax requires

My property mgmt company sent one 1099-MISC income for multiple rental properties.  I know what the income is for each.  Do I enter the same 1099 info for each property with the income split out for each (it will not match the total shown on the 1099-MISC?)  And how do I answer the question on page of "Was Income for This Property Reported to You on Form 1099-MISC?"


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 Reply
Ashby
New Member

How to enter 1099-MISC info for multiple properties since Turbo Tax requires

As long as you report enough income to cover the total of the 1099-MISC, it doesn't matter if you split it up between the properties. Actually, as long as you report the income, it does not matter if you denote that it was on the 1099-MISC or not.

My recommendation would be to report multiple 1099-MISC with smaller individual amounts that total up to the amount posted on the 1099. That way, you could answer "yes" to the reporting question for each property.

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