Splitting a 1099K for multiple properties

Forum|Forum|3 years ago
March 4, 2023
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I received one 1099K form AIRBNB that combines rental income for 2 separate rental properties I own. Do I just split up the same 1099K form in the income sections for each property on Turbotax? I would be entering the same 1099K form twice with a smaller box 1a number but the total from the two properties added together would match the original 1099K for sent by AIRBNB.

AnnetteB6

Yes, it is OK to enter the 1099-MISC under each property with only that property's income shown as rent as long as the total rent reported among both of your properties is equal to what is reported on the Form 1099-K.

Or, if you prefer, do not enter the 1099-K at all. Instead, just divide the rent income among the properties and enter the amount as 'cash' for each one. Then, keep the 1099-K with your tax records.

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