rental income 1099-MISC

[HOPE2]

Last year, my client received five 1099-MISC forms for each property rented to the county. But, for 2023, the county provided a single 1099-MISC for all of them. Now, I am wondering how to allocate the income between each rental. Fortunately, the client has given me a handy breakdown for each of them.

My problem is when I enter 1099-MISC, I can link it just to one property!

Any help!

[sjrcpa · Accepted solution]

Don't enter the 1099-MISC.

Directly enter the rental income for each property.

[dascpa]

Then don't enter it.  As long as the grand total is inlcuded within all of your properties you don't need the 1099 for data entry. Go to each Schedule E or 8825, depending upon the type of return you're preparing.

[HOPE2]

Thanks a lot @dascpa

[sjrcpa]

What am I? Chopped liver?😀

[HOPE2]

Thanks you so much @sjrcpa 

[sjrcpa]

You're welcome. I was just teasing.

[IRonMaN]

Can we just start referring to you as CL in future posts?😜

[HOPE2]

@IRonMaN What does it mean?

[IRonMaN]

I was referring to Susan’s new name of Chopped Liver😊