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Updated almost 3 years ago on . Most recent reply

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24
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HJ Wang
  • Nashville TN
6
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24
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Rent distribution to partner. What expense is it

HJ Wang
  • Nashville TN
Posted

Hello, i own a rental with another person. I collect the rent and send half to her. I sent her a 1099 for all the amount I send to her. But Im not sure where to enter this expense in my tax return. I only see specific categories for rental expense. The closest I see is commionsion and fees. Do you have any suggestions? Btw i use HR block, i think this is standard across because it is based on the form.

Thank you!

Most Popular Reply

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied

You are doing it wrong. You don't send 1099s for rent to your partner. It is not an expense. 

This is a distribution to a partner and you need to file a partnership return. 

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