Received single 1099-K, but have two rentals

Forum|Forum|3 years ago
February 20, 2023
1 reply
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got a single 1099-K form for two rental payments I received from apartments.com (costar). I entered two 1099-K with the same payer info and allocated exact payment amount I received for each rental property. Total amount of the two 1099-K entries equals to amount I received on 1099-K from apartments.com.

Is this how I should handle? Or somehow, they can send me multiple 1099-K tied to each rental?

Rental Property

AnnetteB6

You handled everything just fine since the total income you are reporting matches the total income shown on the Form 1099-K.

Since you are a single entity being paid by a single entity, it does make sense that you would only receive a single Form 1099-K reporting all of your income from the same source. You should continue to maintain your own records to be able to divide the income among your properties.

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