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February 1, 2025
Question

One 1099-K Received for Multiple Rental Properties

  • February 1, 2025
  • 1 reply
  • 0 views

I have received one 1099-K from Zillow for rental income received, but I have seven rental properties.  Turbo Tax has asked me which property to associate this 1099-K with it.  How do I associate the one 1099-K with multiple properties or how do I account for this document? Thank you kindly!

1 reply

February 2, 2025

Do not enter the 1099-K. Enter the income for each rental activity without using the 1099-K at all.  

Keep it for your files and if you did enter it you should delete it. To Delete the 1099-K use the steps below:

  • If you're using TurboTax Online software and need to delete a form, click here.
  • If you're using TurboTax Desktop software and need to delete a form, click here

Calculate the amount of income for each rental and add the income using the selection below:

  • Cash, checks, and electronic payments (like Square or PayPal)
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