I’ve attached a pic of the issue.
I am entering the income for this particular property.
This property had 6 tenants. Some pay me electronically via a rental app which I received a 1099k. Some tenants write me a check.
Also this 1099k has other properties in that number as well. And no, the rental app I use laughed when I asked for a separate 1099 for each property.
so looking at the pic it only allows me to pic 1 choice of the 3. Which one do I pick? Because I did get a 1099 AND I did get checks.
You'll need to sign in or create an account to connect with an expert.
Since the Form 1099-K reports income from multiple properties, you can use your records to determine the income for each property and report all of the income as 'cash' under each property. Do not enter the Form 1099-K at all, but keep it with your tax records and be sure you can show which properties had income from the Form 1099-K and how much was included for each one.
The most important thing is that all of the income is reported in the right location of your return, not that the Form 1099-I itself was entered in the return. If you are contacted by the IRS, you will have your records ready to show where the total Form 1099-K was included as income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jorge69ijk
Level 1
kritter-k
Level 1
Audio82
New Member
Wt24
New Member
Park City Utah Real Estate
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.