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Multiple investment properties.... only one 1099 issued by management company

I have several investment properties.   I receive only one 1099 from the management company that collects rents on my behalf.   Turbotax for 2021 is asking for me to document the 1099 for each of the properties...when I only have one. How do I handle this?   Should I ask the Mgt Company to reissue the 1099 so I have one for each property??

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2 Replies

Multiple investment properties.... only one 1099 issued by management company


@Lsuelter wrote:

Should I ask the Mgt Company to reissue the 1099 so I have one for each property??


You can do that, but it is really not necessary.

 

In TurboTax, you can split the 1099 according to the amount received for each property (i.e., allocate the income accordingly).

Multiple investment properties.... only one 1099 issued by management company

Perfect.  Appreciate the response. 

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