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New Member
posted Apr 13, 2025 9:19:02 AM

why I am constantly asked to review my 1099-k when I reviewed it a dozens of time?

I have 1099-k for vacation rental that I had to split between 2 properties. During the review process I am asked to review 1099-k and no matter how many times I have reviewed it, the massage doesn't go away.

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1 Replies
Expert Alumni
Apr 13, 2025 9:55:14 AM

Are you reporting two rental properties on IRS Schedule E Supplemental Income and Loss?

 

If so, I would report the IRS form 1099-K income within each of the Schedule E rental properties.  For example, the IRS form 1099-K reports $5,000, $3,000 to property 1 and $2,000 to property 2.

 

In TurboTax Premium Online, follow these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages & income.
  • Click to the right of Rentals, Royalties, and Farm.
  • Click to the right of Rental Properties and Royalties.
  • At the screen Your 2024 rentals and royalties summary, click the pencil icon to the right of the rental property.
  • At the screen Here's rental property info, select Add income to report rental income.
  • At the screen Select your type of income, select Form 1099-K and report the $3,000.

Repeat with the second rental property and report the $2,000.

 

Retain copies of all paperwork with your tax records should a tax authority have a question at a later time.