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Reporting multiple 1099K's

I received 3 1099k's in the amounts of 10,000, 9000, and 1000.

 

I have 2 rental properties. One with rental income of 15,000, the other with income of 5000.

 

How do I split it up when I enter the rental income with information from the 1099Ks? ie do I have to enter the exact amounts of the 1099Ks or Do I just need to make sure the total rental income equals the total amount of the 1099Ks ?

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1 Reply
DianeW777
Expert Alumni

Reporting multiple 1099K's

You just need to enter the correct rental income on each property. Keep the 1099-Ks in your tax file records should you need then later. The full amount is being included as rental income when you add the income to the properties.

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