One 1099-MISC for 2 properties

Forum|Forum|3 years ago
October 7, 2022
3 replies
32 views

I got one 1099-MISC for two properties. If I include it in one property it will be too much income. How to address it in Turbotax?

VolvoGirl

Level 15

Don't enter the 1099Misc. Just enter the right income on each property.

Opus 17

Level 15

Why would you receive a 1099-MISC for property?

Turbotax will not work if any figure (individually or total) is more than $9,999,999.99. Its an intentional design limit. I don't know what else you could mean by a 1099 being "too large" to enter.

Critter-3

Level 15

@Opus 17

I think the OP meant that putting all of the 1099 income on one rental property would be too much on that one entity. The other answer to skip the 1099-misc entry screen and simply enter the portion of that total on each separate rental since they got one form for multiple properties.