How to Split 1099Misc between two Schedule E properties

Forum|Forum|4 years ago
March 2, 2022
2 replies
10 views

My client received a 1099-Misc for rental property, but the total amount is for two separate properties. How can I split on Schedule E (currently have linked to one property, and don't see any adjustment line available). Any thoughts?

Thanks in Advance!

ProSeries Basic

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Best answer by mgordonntx

Sounds perfectly reasonable - Thanks for the quick reply!

J

jeffmcpa2010

Level 10

Put part on one schedule E worksheet, and the rest on another Schedule E worksheet.

I never enter individual 1099-Misc or 1099-NEC for Schedule E, or C or F, unless they don't have an ongoing activity. I just go to the C,E,F worksheet or whatever and enter the real income. I do make sure the total income equals or exceeds the total 1099 amounts.

M

mgordonntxAuthorAnswer

Level 2

Sounds perfectly reasonable - Thanks for the quick reply!

IRonMaN

Level 15

Expanding on Jeff's comments, the 1099 doesn't get submitted with the e-file so there really isn't any reason to data enter a 1099. That also applies to schedule C info. Just enter it directly in the worksheet - it saves a little time and hassle.

Slava Ukraini!

M

mgordonntxAuthor

Level 2

Perfect! Thanks!!

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