HOPE2
Level 9
03-09-2024
07:44 PM
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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!
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sjrcpa
Level 15
03-09-2024
07:47 PM
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Don't enter the 1099-MISC.
Directly enter the rental income for each property.
The more I know the more I don’t know.
dascpa
Level 12
03-09-2024
09:26 PM
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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.