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Level 1
posted Oct 7, 2022 12:41:24 PM

One 1099-MISC for 2 properties

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?

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3 Replies
Level 15
Oct 7, 2022 12:42:45 PM

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

Level 15
Oct 7, 2022 1:32:44 PM

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. 

Level 15
Oct 7, 2022 2:57:56 PM

@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.