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Level 1
posted Mar 4, 2023 12:26:46 PM

The account lumped 2 home rentals together for my 1099 misc. How do I deal with this? Can I ignore the 1099Misc and just enter the income from my rentals?

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2 Best answers
Expert Alumni
Mar 4, 2023 1:46:10 PM

Yes, you can skip entering the 1099-MISC altogether if you choose.  Instead, just divide the rent income among the properties and enter the amount as 'cash' for each one.  

 

Or, it is OK to enter the 1099-MISC under each property with only that property's income shown as rent as long as the total rent reported among both of your properties is equal to what is reported on the Form 1099-MISC.

 

 

Level 1
Mar 7, 2023 7:40:31 AM

Thank you so much for the advice.  I used the 1099 MISC along with the rent for each property.

2 Replies
Expert Alumni
Mar 4, 2023 1:46:10 PM

Yes, you can skip entering the 1099-MISC altogether if you choose.  Instead, just divide the rent income among the properties and enter the amount as 'cash' for each one.  

 

Or, it is OK to enter the 1099-MISC under each property with only that property's income shown as rent as long as the total rent reported among both of your properties is equal to what is reported on the Form 1099-MISC.

 

 

Level 1
Mar 7, 2023 7:40:31 AM

Thank you so much for the advice.  I used the 1099 MISC along with the rent for each property.