Question

How to enter 1099-MISC info for multiple properties since Turbo Tax requires

Forum|Forum|7 years ago
June 3, 2019
1 reply
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My property mgmt company sent one 1099-MISC income for multiple rental properties. I know what the income is for each. Do I enter the same 1099 info for each property with the income split out for each (it will not match the total shown on the 1099-MISC?) And how do I answer the question on page of "Was Income for This Property Reported to You on Form 1099-MISC?"

TurboTax Premier Windows

A

Ashby

As long as you report enough income to cover the total of the 1099-MISC, it doesn't matter if you split it up between the properties. Actually, as long as you report the income, it does not matter if you denote that it was on the 1099-MISC or not.

My recommendation would be to report multiple 1099-MISC with smaller individual amounts that total up to the amount posted on the 1099. That way, you could answer "yes" to the reporting question for each property.