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February 7, 2023
Question

I have 2 rental properties managed by a property manager. I receive only one 1099 for both units. Do I split the income and expenses for each unit or total everything?

  • February 7, 2023
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1 reply

February 7, 2023

You may do it either way. 

 

If you want to apply a portion of the rent to each property, instead of entering a single 1099-MISC break it down and enter multiple Forms 1099-MISC as if you had received a separate Form 1099- MISC for each property.  Make sure the total of your Forms 1099-MISC entered in the program equals the amount on the one that you did receive. Source DDollar.

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