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Level 1
August 10, 2020

who report in schedule C (Rental) the total of 5 property reported in 1099

  • August 10, 2020
  • 1 reply
  • 13 views

THE MANAGEMENT CO. REPORT THE TOTAL OF THE 5 PROPERTY IN ONLY ONE 1099 FORM FOR THE FIRST TIME BECAUSE BEFORE THIS REPORT WAS IN SCHEDULE E, BUT NOT HOW I WILL REPORT IN THE SCHEDULE C ALL INDIVIDUAL INCOME AND EXPENSES OF EACH PROPERTY, PLEASE HELP ME TO FIND WHO I WILL DO , THANK YOU VERY MUCH FOR YOU ATTENTION AT THIS MATTER.

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    1 reply

    Just-Lisa-Now-
    Intuit Community Champion
    August 10, 2020

    ALL CAPS makes things really hard to read.

    Why is Sch C involved for rental properties?

    Just input the income on each Sch E worksheet for each property (make sure the total income you report meets or exceeds the total shown on the 1099), you don't need to enter the actual 1099-MISC itself. 

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪