I received a 1099-S for the sale of rental property in 2020. The property was on one deed but had three houses with three mortgages. There is only one 1099-S. Instructions say to report the 1099-S on the Schedule E. Can I report it three times and divide the total by 3?
01299
1 Replies
ColeenD3
Expert Alumni
Apr 25, 2021 12:33:24 PM
Yes, if you sold all three properties, divide the total amount by three and apportion it.