Thanks for that insight. Won’t the IRS look at the 1099-k sent to them by RentRedi and look for it on my return? The 1099-k does not specify it was for deposits...
Thanks for that link! My partnership LLC was created to purchase a rental property and the deal fell through a couple days before closing. There are not enough ...
A follow up from my last reply...I switched to the "forms" section and looked up the sch-k page. My entry shows under line 7 Royalties.I then went down to line ...
I followed you through the rents and royalties and added the amount in the box then continued through the screens. There is a note to add any 1099-k to my renta...
Thanks for your reply. I am using TurboTax Desktop Business notTurboTax online. Filing a 1065 under my multimember LLC.Found a section under "Rental income" cal...
