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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 answer

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AnnetteB6
Expert Alumni

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?

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.

 

 

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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?

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

View solution in original post

2 Replies
AnnetteB6
Expert Alumni

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?

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.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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?

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

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