topic Splitting one 1099-K across multiple schedules in Investors & landlords

Splitting one 1099-K across multiple schedules

pbmunkey — Mon, 23 Feb 2026 09:35:21 GMT

I received one 1099-K. Can i split that between 2 schedule e’s and a schedule C?

Re: Splitting one 1099-K across multiple schedules

GeorgeM777 — Tue, 31 Jan 2023 21:41:24 GMT

Not sure. We need some additional information from you regarding your 1099-K. 1099-Ks are typically issued by payment settlement entities, such as PayPal or Venmo. A taxpayer reports rental property income on Schedule E. Income from a business activity gets reported on Schedule C.

Why did you receive a 1099-K? Was it given to you by tenants in your rental property? What were the facts regarding why you received a 1099-K in connection with your business?

@pbmunkey

Re: Splitting one 1099-K across multiple schedules

pbmunkey — Tue, 31 Jan 2023 21:45:54 GMT

It's Airbnb Income.

I need to 1099 to one of the owners of a home I manage. That part of it is a schedule C. The rest of the income is split between the rentals I own.

Re: Splitting one 1099-K across multiple schedules

RobertB4444 — Tue, 31 Jan 2023 22:04:34 GMT

It's not ideal but that is what you're going to have to do. Save all of your records to prove that the 1099-K income was spread over the three schedules in case the IRS is unable to match the amounts.

@pbmunkey

Re: Splitting one 1099-K across multiple schedules

pbmunkey — Tue, 31 Jan 2023 22:23:45 GMT

Given my situation, is there a better way to do it?

I can skip the schedule c since it’s a small amount but I do have 2 rentals that I’ve been filing 2 diff schedule e’s with. Any advice is appreciated

Re: Splitting one 1099-K across multiple schedules

RobertB4444 — Tue, 31 Jan 2023 22:40:02 GMT

There isn't for last for 2022. You'll have to move forward the way you've planned.

For 2023 the optimal plan is to create separate online payment accounts for each entity.

@pbmunkey