topic 1099-k in Investors & landlords

1099-k

Amanda401 — Thu, 30 Jan 2025 19:09:48 GMT

I have a 1099-k for a rental property I own and received rental payments for through Zillow where do I enter the information on the 1099-k

Re: 1099-k

KrisD15 — Thu, 30 Jan 2025 19:18:25 GMT

There is an area in

Rental Income

section to add the 1099-K as income

Re: 1099-k

Amanda401 — Fri, 31 Jan 2025 18:31:09 GMT

Thank you very much I’m at the schedule e required information and it’s asking check here if you made any payments in 2024 that would require you to file form 1099 and check here if you will file all required 1099 forms I check both boxes correct

Re: 1099-k

Amanda401 — Fri, 31 Jan 2025 18:54:02 GMT

And then after checking those boxes it takes me to enter the rent and royalty information I put 100 percent ownership since I’m the owner and the amount listed in box 1a then I put the days property rented at fair value and I didn’t put anything in number of days property was used for personal purposes then in expense I put mortgage interest from 1098 is this correct

Re: 1099-k

AmyC — Fri, 31 Jan 2025 20:11:13 GMT

1. Check the box if you paid contractors over $600, then you would need to issue form 1099-NEC.

2. Check the box if you have filed the required forms.

If you did not pay contractors and are not issuing forms, leave the boxes blank.

The number of days rented is correct. Personal use days zero.

Enter mortgage interest, property tax, management fees, repair fees, maintenance fees, and any other expenses.

Re: 1099-k

Amanda401 — Fri, 31 Jan 2025 22:35:05 GMT

Thank you for your help much appreciated