Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
user99694
New Member

I received a 1099-m from manag. co. I also received a 1099-m from the foundation that is paying the rent as an aid to the tenant. If I don't report 1 would IRS flag me?

I use a rental management company for my rental property. They send me a 1099-MISC.  My property under management is rented out to someone who is getting aid from a foundation to pay rent.  That foundation also send me a 1099-MISC.  If I report both then I will get taxes twice, if I don't will IRS flag that I did not report a 1099? This is my first year filing with this foundation/management combination.  Thanks!

1 Best answer

Accepted Solutions
view2
New Member

I received a 1099-m from manag. co. I also received a 1099-m from the foundation that is paying the rent as an aid to the tenant. If I don't report 1 would IRS flag me?

Report both then in the "other expense" list the foundation 1099 as an expense and with description duplicate rental income to Tenant ''name the tenant" 

View solution in original post

1 Reply
view2
New Member

I received a 1099-m from manag. co. I also received a 1099-m from the foundation that is paying the rent as an aid to the tenant. If I don't report 1 would IRS flag me?

Report both then in the "other expense" list the foundation 1099 as an expense and with description duplicate rental income to Tenant ''name the tenant" 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v