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I received a 1099-MISC from a property management company that already divided the rent between myself the other co-owner. Turbo tax divided it in half again

I own 50% of a rental property and the 1099-MISC is already divided in half.  Turbo Tax divided it in half again.
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Accepted Solutions
Hal_Al
Level 15

I received a 1099-MISC from a property management company that already divided the rent between myself the other co-owner. Turbo tax divided it in half again

Double the amount you enter at the 1099-misc screen.

The IRS does not match individual 1099-Misc, only income totals. As long as the gross income you report is at least as much as shown on the 1099-Misc, you're OK

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1 Reply
Hal_Al
Level 15

I received a 1099-MISC from a property management company that already divided the rent between myself the other co-owner. Turbo tax divided it in half again

Double the amount you enter at the 1099-misc screen.

The IRS does not match individual 1099-Misc, only income totals. As long as the gross income you report is at least as much as shown on the 1099-Misc, you're OK

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