You'll need to sign in or create an account to connect with an expert.
Just split the rental income between the 2 properties based on each properties actual rental income (as if you received 2 separate 1099-MISCs). You may need to contact your property manager to get the information about each property's actual rental income.
You can still report the separate rental income amounts under each rental property as income reported on a 1099-MISC since the combined income total of the 2 properties will equal the copy of the 1099-MISC received by the IRS. Just make sure that the total being reported for each property equals the total reported on your 1099-MISC.
Just split the rental income between the 2 properties based on each properties actual rental income (as if you received 2 separate 1099-MISCs). You may need to contact your property manager to get the information about each property's actual rental income.
You can still report the separate rental income amounts under each rental property as income reported on a 1099-MISC since the combined income total of the 2 properties will equal the copy of the 1099-MISC received by the IRS. Just make sure that the total being reported for each property equals the total reported on your 1099-MISC.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
48908d580c30
New Member
quinlivan1240
New Member
1tuckabee
New Member
397fcad57313
New Member
fc163b513464
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.