You'll need to sign in or create an account to connect with an expert.
Enter the 1099Misc twice, once of each of the two rentals and the total income reported for both will total what is on the one 1099Misc.
So you have to allocate the total income from the 1099Misc to the two properties and then go in and enter this as income for each of the properties.
Key is, only the total income is reported, make sure you don't exceed what is on the 1099Misc.
Enter the 1099Misc twice, once of each of the two rentals and the total income reported for both will total what is on the one 1099Misc.
So you have to allocate the total income from the 1099Misc to the two properties and then go in and enter this as income for each of the properties.
Key is, only the total income is reported, make sure you don't exceed what is on the 1099Misc.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
helloWorld666
Returning Member
clabiche
Returning Member
nomad6
Returning Member
robingadams
Level 2
mtalo
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.