Welcome back! Ask questions, get answers, and join our large community of tax professionals.

1099 Misc for Schedule E should be allowed to go to multiple properties

cancel
Showing results for 
Search instead for 
Did you mean: 

1099 Misc for Schedule E should be allowed to go to multiple properties

Bruce Nowakowski

As someone who has quite a few clients who use a property management company to manage rental properties, I think its annoying that ProSeries only lets me assign the 1099-Misc to one property when the management company issues a 1099 for all properties they manage on behalf of the property owner.   So if they manage 6-8 properties I have to get creative on entering that 1099.   Why not have it so if I check the Schedule E box, I can appropriate it as I see fit so long as it equals the total 1099? Or does that make too much sense?

Status: New
0 Votes
Vote now if this is a good idea
1 Comment
IRonMaN
Level 15

What doesn't make sense is entering a 1099-MISC into ProSeries since it doesn't go anywhere.  Just enter rents as needed into each property and ignore the 1099 entry into the program.

Post comment