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

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

cvo5
New Member

I got a lump 1099-misc from housing authority for all the rental houses. How can I separate them out to enter income for each property?

I have several rental properties using housing section 8 in san jose, ca.

When housing section 8 sent the 1099-misc, they lump all the properties together. How could I enter the turbo tax section for income?

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.

3 Replies

I got a lump 1099-misc from housing authority for all the rental houses. How can I separate them out to enter income for each property?

Put the 1099-MISC in your filing cabinet, and ignore it.  It does not need to be entered in TurboTax.

Just report the rent you received for each property.

The only time the 1099-MISC would need to be considered is if it reports an amount MORE than what you actually received.  If that is not the case, just ignore it.
Carl
Level 15

I got a lump 1099-misc from housing authority for all the rental houses. How can I separate them out to enter income for each property?

When you have a 1099-MISC, the form itself is not sent with *your* tax return. But do file it with your hard copy of your return in case you're questioned on it later. The issuer of that 1099-MISC did send a copy to the IRS. So that "could" raise flags. It rarely does raise flags though. The only time I've seen it raise flags, is if your total rental income you report is less than the total 1099-MISC income reported in box 1 of all 1099-MISC's you may have received.
view2
New Member

I got a lump 1099-misc from housing authority for all the rental houses. How can I separate them out to enter income for each property?

Answered as comments.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question