Hello,
I have a rental that I've been asked by tenants to switch to Zillow for payments. I saw Zillow sends a 1099K. I'm not familiar with it and all these years I was just entering the rent-income manually (and expenses separately too). I want to make sure my TT tax is not going to get unnecessarily complicated before I accept moving it to Zillow.
A couple of questions I'd appreciate some clarity on:
Does TT-web allow import of 1099k from within the rental section? Or do I just ignore it and just enter the numbers manually?
Since security deposit does not need to be declared when received, do I just modify the number from 1099K anyway (or just enter manually the income number)?
If I do have to enter things manually or override, does it matter at the end if the tax submission does not have the 1099 "attached"? I understand I'll keep doing expenses the same way so net income will change anyway, just wondering about the presence of a 1099 as-is or not.
Thank you!
