I have Turbo Tax Prem.
We have a valid STVR which are on two platforms: ABNB & VRBO, we received 1099-K for both. We entered the 1099K for each one. Select from drop menu that Real Estate Property which includes STVR. Did the Schedule E with no issues. But as we go through the Federal review the 1099-k are flagged. I decided to try deleting one 1099K, so problem. Passed the Federal review. I then added the 1099K that I deleted, it flagged again. I try changing the name of the person on one of the 1099-k and it flagged. I tried changing the the STRV reason to "other", which changed my earnings to a crazy amount and end up owning 13K+, instead of negative. Our expenses exceeded our revenue, we had a substantial loss, where had small IRS refund. The Tax expert suggest I upgrade my tax to have my taxes prepared by a Tax person. So at this point, I don't know what to do.
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If you did not enter the Form 1099-K directly through the Schedule E Rental Income and Expenses section of your return, try entering them there. That will automatically tie them to the rental property.
If you still get flags, delete the Form 1099-K completely and report all of the income from both forms as 'other income' not on a Form 1099-MISC or 1099-K. It is more important that it be reported as income for the property than it is to clear some error flag to enter the actual Form 1099-K. Just keep the forms with your records in the unlikely event you are questioned about it.
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