I have three rentals handled by one property management company. They lumped the rent totals into 1 amount on 1 1099 MISC. If I separate the amounts, they won't agree with the 1099 and I am more liable for an audit. This did happen to me in the past which is why I am hesitant about how to enter the info
You'll need to sign in or create an account to connect with an expert.
You can split the amounts between the three rentals if you know the amounts each made. Make sure the amounts add up to the 1099.
You can split the amounts between the three rentals if you know the amounts each made. Make sure the amounts add up to the 1099.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alicebxxu
New Member
aborel
New Member
Newaccountant1
Level 1
allisonsmith33308
New Member
rkoenigbauer
New Member