Splitting one 1099-K across multiple schedules

Forum|Forum|3 years ago
January 31, 2023
1 reply
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I received one 1099-K. Can i split that between 2 schedule e’s and a schedule C?

GeorgeM777

Not sure. We need some additional information from you regarding your 1099-K. 1099-Ks are typically issued by payment settlement entities, such as PayPal or Venmo. A taxpayer reports rental property income on Schedule E. Income from a business activity gets reported on Schedule C.

Why did you receive a 1099-K? Was it given to you by tenants in your rental property? What were the facts regarding why you received a 1099-K in connection with your business?

@pbmunkey

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pbmunkeyAuthor

Employee

It's Airbnb Income.

I need to 1099 to one of the owners of a home I manage. That part of it is a schedule C. The rest of the income is split between the rentals I own.

RobertB4444

It's not ideal but that is what you're going to have to do. Save all of your records to prove that the 1099-K income was spread over the three schedules in case the IRS is unable to match the amounts.

@pbmunkey

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