My property manager sent me a single W-2 combining the income from two rental properties. When I input the information for each property, should I split the income and pretend that I got a W-2 for each property?
Or is there some other way?
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Yes. You apply the applicable income to each property. Just so the total adds up to the amount on the document received.
You could require they send you separate documents but that would require them issuing Corrected documents to you and to the IRS. This is simpler and the numbers will reconcile.
ps..... you mean you got a 1099Misc? Not a W2. Just checking.
(Yes, I meant 1099-MISC, not W-2.)
Do I enter one 1099-MISC with the total amount or two 1099-MISC with the amount for each property.
You have the option to skip the 1099 misc screen and simply enter it as rental income. Please take advantage of this.
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